14 April 2009

‘Reality’ bites at the La Budget Biennale

Displays of unbridled wealth are tipped to give way to retro recession chic at this year's Venice Biennale, the world's oldest, most-venerated annual contemporary art event. Held this year in the shadow of the global financial crisis, the international art market, a luxury market, is set to be reminded that collecting art is mostly discretionary. Michael Hutak reports.

Like last year’s return to minimalism on the catwalks, this year’s 53rd International Art Exhibition will reflect global belt-tightening with a back-to-reality motif from Swedish curator, Daniel Birnbaum. "Making Worlds," says Birnbaum, will emphasize process and materials and will be "closer to the process of production and the venues of creation and training -- the studio, the laboratory -- than traditional museum-style exhibitions”.
Accordingly, we can expect a more muted stanza in 2009 when the four-day preview or 'vernissage' kicks off on June 4. Displays of unbridled wealth are tipped to give way to a revival of recession chic, and the corporate celebrations aboard the flotilla of luxury yachts, in six-hundred year old palazzi, and at swank already booked out hotels like the Cipriani, or just about any along the Grand Canal or the Lido, will be careful this year to avoid any association with the holders of so-called toxic assets.