Art Review monthly magazine has published its Power 100 list for 2008. Produced annually since 2001 it is a ranking of the most influential participants in the art world and includes artists, gallerists, auctioneers and collectors.
Trends this year include
- Higher rankings and numbers for women in a market tradtionally dominated by men – Kathy Halbreich is first woman to appear on her own in the top 10. Ranked third, behind Hirst and gallerist Larry Gagosian, she is the newly appointed Associate Director of MoMA, New York.
- Tumbling influence of banks – as the global credit contagion spreads, financial institutions take a tumble with both UBS and Deutsche Bank, longtime key art sponsors, ranked 62 and 63 respectively in 2007, falling off the Power 100 in 2008.
- Asian participants showing momentum or appearing for the first time.
Takashi Murakami (28), a superbrand not dissimilar to Damien Hirst’s model comes in at 61 places above his 2007 ranking for a year that saw a major exhibition of his work, including a Louis Vuitton store selling Murakami’s own branded products, travel across the US and draw record numbers of museum goers.
Ongoing artistic and financial strength in emerging markets has seen new listings for collectors Roman Abramovich and Dasha Zhukova (54) and a strong rise by Chinese artist Cai Guo-Qiang (69, from 99 in 2006), with first-time appearances by the Beijing-based Long March Project (93) and Delhi-based gallerist Peter Nagy (95).
- Takashi Murakami no 28 (Japanese) wiki site
- Ai Weiwei no 47 (Chinese)
- Cai Guo Qiang 69 (Chinese) wiki
- Subodh Gupta 92 (Indian) pics
- The Long March Project 93 (Chinese) pics site
Collectors from Asia
- Sheikh Mohammed bin Zayed al Nahyan no 30
- Roman Abromovich and Daria Zhukova no 54
- Peter Nagy Artkrush interview
Entrants are judged on the following four criteria, each of which carries a 25 percent weighting.
1. Influence on art development: entrants must exert influence over the type, style and shape of contemporary art being produced in the previous 12 months.
2. International influence: as the list is international, entrants must exert influence on a global scale rather than as big fish in small-to-medium ponds.
3. Financial clout: entrants are judged on the extent to which they have shaped, moulded or dominated the art market, whether as artists, dealers or collectors.
4. Activity within the last 12 months: entrants are judged on having actually done something during the period September 2007 to August 2008. It’s not enough to sit on your powerful behind.