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[BKARTS] Interesting Article



The following short, but interesting article appeared in the December
27, 2004 issue of Forbes magazine as part of the cover story about
collecting.


BOOK INFLATION


Prices keep climbing in the artists' books market. Three years ago we
noted a signed set of 16 paperbacks produced by LA artist Edward Ruscha
in the 1960s and 1970s that originally cost $89 was fetching $35,000.
Now such a set would bring at least $55,000, says dealer David
Platzker. Ruscha's reputation has been fueled by two 2004 exhibitions
at the Whitney Museum and Ruscha's selection to represent the US at the
next Venice Biennale. "The Index Book," made by Andy Warhol's Factory,
which cost $10 when it came out in 1967, was selling for $950 three
years ago. Now it would bring $1,500 says Platzker.

While artists' books are ascending in value, one of the collectors we
featured, Canadian Morey Chaplick, has decided to abandon his passion
and sell of his collection. Six months after our story Chaplick went on
an orgy of book buying in Europe, after which he felt physically sick.
"I had overdosed," he observes. So far he's divested a third of his
collection, for $1 million.

(This article is a follow-up to another Forbes article on the subject
of atists' books dated January 21, 2002.)



************
Laura Russell
Portland, OR
www.laurarussell.net


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