Book Review: ARTISTS ESTATES: REPUTATIONS IN TRUST
by
Magda Salvesen and Diane Cousineau,
Rutgers University Press
Artists work all their lives and are driven to create a
body of work. Some plan carefully and others seldom
think of what will happen once they are no longer here
to reference and order their work.
A revealing and touching book about this subject has
been written by Magda Selvensen, the widow of Jon
Schueler, abstract painter. Selvesen was left all the
work of her husband and had to come to terms with it’s
preservation and continued life. She took it upon
herself to interview other widows of artists who have
been managing their late husbands estates (paintings.)
The thing that first struck me was that this is about
the work of artists that had achieved success in their
careers. I was amazed by the fact that when alive it
takes money to promote work and after that it still
takes money to continue to keep a career alive and
growing. There is also a huge expense in having a
conservator involved in maintaining the physical well
being of the work.
The widows of Esteban Vincente, Richard Deibenkorn,
Mark Rothko, Gregory Gillespie and Fairfield Porter all
come forth with details of what it has taken to manage
the estates left to them by the artists that they loved
and lived with. Many of them had their own careers and
had to sacrifice themselves to the care of an estate.
Several times in the book it is mentioned that art is
big business. Many successful artist have an income
potential in the millions. Jackson Pollacks work
achieved value after he died. His widow Lee Krasner,
played the cards right and ended with a huge fortune
She created a foundation that has benefited artists for
years. She was also able to go on and have a
productive career after all this. She was a truly
admirable woman.
There is also a section in which Selvesen interviews
a lawyer who’s specialty is art law. He has many
interesting things to say about how the law effects
art estates. He discusses estate taxes, resale
entitlements and other pertinient issues.
But this book is about artists who have had great
success. It does not touch on what happens to artists
with less success and some one is left with a
collection of paintings with no proven commercial
value.
The book is filled with many success stories as well as
many cautionary tales. It is a guide to those thinking
about what will happen to their work when they are
gone.
|