Subscribe free to our newsletters via your
. Earth Science News .

New York art market flooded -- literally
by Staff Writers
New York (AFP) Nov 14, 2012

New York's Chelsea, a hub of the global contemporary art market, became the world's most glamorous disaster zone during superstorm Sandy, suffering millions of dollars in flooding damages.

Even two weeks later, many of the 400 or so galleries crammed into the small neighborhood are struggling to get back on their feet.

Like all of lower Manhattan, Chelsea was blasted by hurricane-strength winds and stripped of electricity during Sandy, but most damage came from flooding.

A neighborhood famous for its minimalist lofts and chic residents now resembles a construction site. Windows that are cracked or lined with safety tape remain a common sight, and shards of glass crunch underfoot.

At the Jim Kempner gallery, large-scale photographs have been laid out to dry. At the influential Larry Gagosian gallery, stylish young women employees greet visitors in protective face masks.

Near 11th Avenue, the high-water mark left by the grimy floods rises to shoulder height.

"I was expecting 20 centimeters of flooding, not a river in the middle of the street," gallery owner Leo Koening, 35, said, adding he was lucky because, while his space was flooded, he'd managed to get all his artworks out in time.

At David Zwirner, "our space was flooded at chest heights, including our offices and storage space," spokeswoman Julia Joern said. Some of the damaged works can be restored, but not the "watercolors, which were too fragile."

Other galleries fared even worse, especially those that stored art in their cellars.

Several, including Sonnabend and Pavel Zoubok, are closed until further notice.

Joern estimated costs to the art scene in the "millions and millions" of dollars.

Axa Art insurers alone say they already face $40 million in claims out of about $1 billion insured in Chelsea. Other insurers, such as Dewitt Stern Fine Art, also have losses, and some galleries are not even insured.

Making matters worse, the natural disaster came right ahead of the big autumn contemporary art auctions at Christie's and Sotheby's.

"A lot of collectors are in town. It's never a good thing to be closed on auction week," Joern said.

The industry group Art Dealers Association of America (ADAA) said it would make emergency grants and loans available for galleries in the flood zone, including Wallspace, Bortolami Gallery and Derek Eller.

"The devastation of Hurricane Sandy is unprecedented," ADAA spokeswoman Linda Blumberg said.

Gallery owner Tanya Bonakdar, who saved her artworks but will have to repair the flooded ground floor, said she hopes the insurers will pay up.

"It is a first time I put out a claim in 20 years," she said. "All Chelsea is affected. Galleries in Chicago or Los Angeles are watching to see if insurers are going to stand by us or not.

"It will have an impact on the future of this market."

Some galleries, like Mathew Marks or David Zwirner, have reopened, the latter holding its first post-Sandy exhibit focusing on man's role in natural disasters.

"We wanted a positive momentum," Joern said.


Related Links
Bringing Order To A World Of Disasters
When the Earth Quakes
A world of storm and tempest

Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks DiggDigg RedditReddit GoogleGoogle

Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News

Floods hit Rome as Italy cleans up water damage
Rome (AFP) Nov 14, 2012
Flooding struck the northern outskirts of Rome on Wednesday after heavy rains in central Italy swelled the Tiber River, as the historic city of Venice and popular tourist regions of Tuscany and Umbria counted the costs of extensive flood damage. The river that snakes through the Italian capital broke its banks in some areas, tearing boats from their moorings and sweeping debris in the curren ... read more

Under-fire utility boss resigns after storm Sandy

New York governor seeks $30 bn in aid after Sandy

Chernobyl cleanup workers had significantly increased risk of leukemia

Asia's mega-cities more vulnerable to disasters

Chinese LED firm plans record investment in Taiwan

US to station powerful radar, space telescope in Australia

Afghan women learn literacy through mobile phones

36 in one fell swoop as researchers observe impossible ionization

Why fish talk

Trouble at Brazil mega-dam stops construction for now

Greenpeace warns of overfishing 'crisis' in Indian Ocean

Sharks: bad creatures or bad image?

Why Antarctic sea ice cover has increased under the effects of climate change

Summer has arrived at frozen Antarctic runway

Clouds Could Explain How Snowball Earth Thawed Out

U.S., New Zealand in Antarctic proposal

Climate-related emissions from feedyards monitored in AgriLife Research study

CSHL-led team discovers new way in which plants control flower production

Gene find turns soldier beetle defence into biotech opportunity

Sustainable land-use concept for South America

New York art market flooded -- literally

Floods hit Rome as Italy cleans up water damage

Guatemala quake death toll rises to 44

Myanmar quake leaves 38 dead or missing: Red Cross

Dialogue 'preferred option' for Mali crisis: UN envoy

Kenya to deploy army after massacre of police

Algeria urges talks on Mali after military accord

Mauritania warns of fallout from Mali crisis

Activating the 'mind's eye': sounds can be alternative vision

A firm molecular handshake needed for hearing and balance

Weizmann Institute scientists observe as humans learn to sense like a rat, with "whiskers"

Healthy Living Adds 14 Years to Your Life

The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement