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Saatchi Art

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Saatchi Art
Company typeSubsidiary
FoundedSanta Monica, California
(May 1, 2006)
Headquarters
1655 26th Street
Santa Monica, California
,
USA
Key people
Websitewww.saatchiart.com

Saatchi Art Group is a Los Angeles-based[1] e-commerce platform and online art gallery.[2][3][4] Saatchi Art Group is composed of the Saatchi Art online marketplace, The Other Art Fair, and the group's Hospitality Art Advisory.[5]

History

Saatchi Art was founded in 2006 as Saatchi Online, which was owned by Charles Saatchi.[6]

It was acquired by Demand Media, Inc. (currently Leaf Group) in August 2014[7], who was bought by Graham Holdings Company in 2021.[4]

In 2018, Saatchi Art debuted its hospitality art advisory services, offering art programming for hotels, restaurants, residential buildings, and healthcare institutions. The senior hospitality art advisory team has curated artworks for Four Seasons, Nobu Hotels, 1 Hotels, Waldorf Astoria, The Ritz-Carlton, St. Regis, and other brands.[8]

In 2023, Sarah Meller was appointed CEO of Saatchi Art[9][10]. Rebecca Wilson currently serves as Saatchi Art’s chief curator and vice president. She was formerly a director at the Saatchi Gallery in London and was responsible for maintaining the gallery's online presence.[11]

Purpose

Saatchi Art is an art platform that aims to help new artists enter the global art market. According to the company, they provides exposure to collectors without upfront costs. The platform imposes an additional commission on painting resales.

Controversies

In November 2014, Charles Saatchi, then owner of Saatchi Gallery, initiated multiple legal actions in the United Kingdom's Chancery Division of High Court of Justice against Leaf Group, the current owners of Saatchi Art.[12] Charles Saatchi's contention arose from an alleged breach of an intellectual property agreement dated February 18, 2010, prompting him to ask Demand Media to cease the usage of the “Saatchi Art” name and compensate him for profits made from the name since the alleged breach. He also alleged that the low average transaction price on Saatchi Art might dilute the Saatchi brand's association with the high-end art market.[13][14]

References

  1. ^ "Rebecca Wilson hopes ..." LA Weekly. Retrieved 10 December 2015.
  2. ^ Lee, Jin Woo; Lee, Soo Hee (2019). "User participation and valuation in digital art platforms: the case of Saatchi Art" (PDF). European Journal of Marketing. 53 (6): 1125–1151. doi:10.1108/EJM-12-2016-0788. S2CID 169809290.
  3. ^ Fassio, Sarah (2019). "The Winner Takes It All – die Online-Galerie als Demokratisierungsansatz eines von Intransparenz geprägten Kunstmarktes?". In Pöllmann, Lorenz; Herrmann, Clara (eds.). Der digitale Kulturbetrieb: Strategien, Handlungsfelder und Best Practices des digitalen Kulturmanagements. Springer Gabler. pp. 249–269. doi:10.1007/978-3-658-24030-1_12. ISBN 978-3-658-24030-1. S2CID 189429904.
  4. ^ a b <Eliot, Austen. "Saatchi Art, Equal Opportunity to Sell and Own Original Art".
  5. ^ "Saatchi Art partners with design pros to bring fine art to any size project". Business of Home. 2022-12-06. Retrieved 2023-10-09.
  6. ^ Abrams, Amah-Rose (2015-05-12). "Saatchi Sues Saatchi Art". Artnet News. Retrieved 2023-08-16.
  7. ^ "Demand Media Hires Sean Moriarty, Ex-CEO of Ticketmaster, as Chief Exec". Variety. 8 August 2015. Retrieved 10 December 2015.
  8. ^ "Saatchi Art partners with design pros to bring fine art to any size project". Business of Home. 2022-12-06. Retrieved 2023-10-26.
  9. ^ "Saatchi Art Group Appoints New CEO". Furniture Lighting & Decor. 2023-06-07. Retrieved 2023-11-24.
  10. ^ "New executives at Caracole, Brown Jordan, Cosentino and more". Business of Home. 2023-07-03. Retrieved 2023-11-24.
  11. ^ "Women in Business Q&A: Rebecca Wilson, Chief Curator and Director, Art Advisory at Saatchi Art". HuffPost. 2015-05-21. Retrieved 2023-10-09.
  12. ^ Abrams, Amah-Rose (2015-05-12). "Saatchi Sues Saatchi Art". Artnet News. Retrieved 2023-08-16.
  13. ^ "Charles Saatchi Sues Online Platform Saatchi Art to Stop It From Using His Name". Artnet. 12 May 2015. Retrieved 28 July 2016.
  14. ^ Harley, Nicola (12 December 2014). "Saatchi takes his former righthand woman to court". Retrieved 22 July 2018 – via www.telegraph.co.uk.
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