Friday, August 8, 2025
No Result
View All Result
Crypeto News
Smarter_way_USA
  • Home
  • Bitcoin
  • Crypto Updates
    • General
    • Blockchain
    • Ethereum
    • Altcoin
    • Mining
    • Crypto Exchanges
  • NFT
  • DeFi
  • Web3
  • Metaverse
  • Analysis
  • Regulations
  • Scam Alert
  • Videos
CRYPTO MARKETCAP
  • Home
  • Bitcoin
  • Crypto Updates
    • General
    • Blockchain
    • Ethereum
    • Altcoin
    • Mining
    • Crypto Exchanges
  • NFT
  • DeFi
  • Web3
  • Metaverse
  • Analysis
  • Regulations
  • Scam Alert
  • Videos
CRYPTO MARKETCAP
Crypeto News
No Result
View All Result

‘Free art, with strings attached’: Zero Art Fair’s first edition in New York City puts a new spin on the old fair format – The Art Newspaper

by crypetonews
July 15, 2025
in NFT
Reading Time: 6 mins read
0 0
A A
0
Home NFT
Share on FacebookShare on Twitter


Zero Art Fair appears normal enough. Held last week in a white-walled gallery towering above Chelsea at the Flag Art Foundation’s ninth-floor headquarters, collectors perused paintings, sculptures and other works last week. But after finding something they liked, instead of handing over bank details, buyers presented a paper card and took their art home with no money changing hands. Under that system, 179 works were placed with a total retail value of $537,500, with 14 additional works on hold, fair organisers said on Monday (14 July).

In an increasingly flooded art-fair calendar, Zero Art Fair sets itself apart with a novel premise—what if art were free? “With some strings attached,” adds cofounder William Powhida. He and Jennifer Dalton, both artists, organised the fair around an innovative contract under which “buyers” take a work home from the fair with no monetary transaction while allowing artists to keep some rights over their work. Powhida and Dalton see the fair as a solution for artists with storage challenges and as a way to democratise art-collecting.

“Bill and I, as mid-career artists, know our community is storing a lot of our old work,” Dalton says. “We have all this work that is five or ten years old, or work that’s already been exhibited. It’s like, ‘Wouldn’t it be nice for it to get out of a box and into someone’s home who would love it?’”

This year, Flag Art Foundation and Gagosian sponsorships have underwritten fair costs and allowed for paying participating artists $100 honoraria. Instead of galleries, more than 300 artists applied directly to participate, with about 90 being accepted.

In a twist on the traditional art-fair transaction, works acquired at Zero Art Fair legally transfer over a vesting period of five years. During that time, the collector can display the work as they wish while the artist maintains some rights, including being able to sell it for cash. In such a case, the collector who acquired the work at Zero Art Fair would have the right of first refusal. The contract also stipulates that after the five-year vesting period, if the collector sells the work, the artist would be owed a 50% cut of the first sale price and 10% resale royalty rights thereafter.

“There are some critical points we’re trying to make about the art market and how it works,” Powhida says. “We’re pointing out that art isn’t scarce. It’s also a goal to help bring more people to art and give them an opportunity to collect by taking down some of the barriers of price.”

The first edition of Zero Art Fair—held in a barn in Elizaville, New York, during Upstate Art Weekend—was a resounding success, Powhida and Dalton say. The fair “sold” 178 works over two days, representing $536,913 in potential retail value.

For this year’s edition, organisers put out an open call to potential collectors who identified themselves in one of three categories: needing help to live with art, being able to sometimes afford art or in a position to help others afford to buy art. (Most collectors reported being in the second category, organisers said.)

From there, they used a randomising software to select 220 participants, allocating greater weight to the first two categories, then assigned time slots. However, there were loopholes for collectors who could not bear to risk leaving without their preferred work—almost all artists who took part in Zero Art Fair indicated they would be willing to sell directly to a collector if they wished, instead of entering into a contract.

During our interview at the press preview on Thursday 8 June, Powhida glanced down at his phone and announced the first real sale of the fair had just happened: a ceramic wall sculpture by Lexa Walsh for $650. By Friday, six more works would sell the traditional way for a total of $4,040—by the artists Jenny Vogel, Lynn Sullivan, Bob Szantyr and Mary Negro.

Library Street Collective associate director Hallie Greaner at Zero Art Fair Photo by Carlie Porterfield

On Friday afternoon, I shadowed Hallie Greaner, an associate director at the Detroit gallery Library Street Collective, as she made her way through Zero Art Fair. Her friendships and connections in the art world have allowed her to acquire work of her own at more affordable prices, she said. She had marked herself as sometimes being able to afford art.

“I don’t buy things for investment,” Greaner said. “I can’t store art, so I have to collect what I want to actually live with.”

A photograph that Greaner liked during the preview was already taken—“That makes me want it more,” she whispered—but she was also drawn to Michael Waugh’s Planned Parenthood (2016), an acrylic painting of a rabbit running away from the viewer with ink overprinting. You can just make out words like “fund”, “medically”, “health” and “women” throughout the work. Waugh had used found text from a bill designed to strip support from Planned Parenthood, Powhida and Dalton told Greaner. Greaner liked that the artist used comedy and what appeared on the surface to be an innocent children’s illustration to explore a serious topic. An on-site handler wrapped it up for her upstairs, and she was out the door and hailing a cab in just over an hour from when she arrived.

“Art fairs in general have put a bad taste in people’s mouths,” Greaner said. “A lot of people are not there for the art. That’s what’s great to see about this—it’s not about the environment or how sexy Miami Beach is. It’s about art.”

But Zero Art Fair is not a solution to the greater art market’s woes, as Dalton and Powhida are quick to point out. It cannot solve speculation or replace the existing traditional art-fair model. But they hope it can serve as a reminder that market prices can (and should!) be decoupled from art’s actual value. And the format could just as well work in other cities, they say.

“There are practical things that we’d like to see for artists, too, like resale royalties,” Powhida says. “The more contracts we put out in the world that potentially could end up in court or help set a precedent or push for federal legislation on resale royalties—it’s another longer term goal. And of course, we always advocate for public funding for artists.”



Source link

Tags: artattachedcityeditionfairfairsFormatFreeNewspaperPutsSpinStringsYork
Previous Post

xAI Fixes Grok 4 After Offensive Posts Spark Backlash

Next Post

Nasdaq Biotech Firm Goes All-In on HYPE Token with Bold Treasury Bet

Related Posts

Apple CEO Tim Cook Says He Wants to Buy Startups
NFT

Apple CEO Tim Cook Says He Wants to Buy Startups

August 8, 2025
Revealed: Picasso’s granddaughter owned a Van Gogh—which she sold at Sotheby’s – The Art Newspaper
NFT

Revealed: Picasso’s granddaughter owned a Van Gogh—which she sold at Sotheby’s – The Art Newspaper

August 8, 2025
Clearing, trend-setting gallery with New York and Los Angeles locations, will close – The Art Newspaper
NFT

Clearing, trend-setting gallery with New York and Los Angeles locations, will close – The Art Newspaper

August 7, 2025
OpenAI, ChatGPT Releases ‘Smarter’ New Model: GPT-5
NFT

OpenAI, ChatGPT Releases ‘Smarter’ New Model: GPT-5

August 7, 2025
Universal Issues Warning to AI Companies in Movie Credits
NFT

Universal Issues Warning to AI Companies in Movie Credits

August 7, 2025
Discoveries at site of Isaac Newton’s mother’s home shed new light on world he grew up in – The Art Newspaper
NFT

Discoveries at site of Isaac Newton’s mother’s home shed new light on world he grew up in – The Art Newspaper

August 7, 2025
Next Post
Nasdaq Biotech Firm Goes All-In on HYPE Token with Bold Treasury Bet

Nasdaq Biotech Firm Goes All-In on HYPE Token with Bold Treasury Bet

DOJ and CFTC Terminate Polymarket Investigations: Bloomberg

DOJ and CFTC Terminate Polymarket Investigations: Bloomberg

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED

How I Built a Profitable AI Startup Solo — And the 6 Mistakes I’d Never Make Again
NFT

How I Built a Profitable AI Startup Solo — And the 6 Mistakes I’d Never Make Again

by crypetonews
August 4, 2025
0

Opinions expressed by Entrepreneur contributors are their own. When I launched PhotoPacks.AI, I didn't have a team or funding. Just...

Inside the Ether Treasury Vaults: Who’s Hoarding Billions in Ethereum?

Inside the Ether Treasury Vaults: Who’s Hoarding Billions in Ethereum?

August 4, 2025
This Mac and Microsoft Bundle Pays for Itself in Productivity

This Mac and Microsoft Bundle Pays for Itself in Productivity

August 2, 2025
WLD Price Rebounds 4.55% After Binance.US Listing Despite China Warning

WLD Price Rebounds 4.55% After Binance.US Listing Despite China Warning

August 8, 2025
Why Employers Trust Certified Professionals—Stats and Success Stories

Why Employers Trust Certified Professionals—Stats and Success Stories

August 8, 2025
Crypto Kiosks Used in Scams Targeting Older Adults, FinCEN Says

Crypto Kiosks Used in Scams Targeting Older Adults, FinCEN Says

August 4, 2025

Please enter CoinGecko Free Api Key to get this plugin works.
  • Trending
  • Comments
  • Latest
Top 10 NFTs to Watch in 2025 for High-Return Investments

Top 10 NFTs to Watch in 2025 for High-Return Investments

November 22, 2024
Uniswap v4 Teases Major Updates for 2025

Uniswap v4 Teases Major Updates for 2025

January 2, 2025
Enforceable Human-Readable Transactions: Can They Prevent Bybit-Style Hacks?

Enforceable Human-Readable Transactions: Can They Prevent Bybit-Style Hacks?

February 27, 2025
Best Cryptocurrency Portfolio Tracker Apps to Use in 2025

Best Cryptocurrency Portfolio Tracker Apps to Use in 2025

April 24, 2025
What’s the Difference Between Polygon PoS vs Polygon zkEVM?

What’s the Difference Between Polygon PoS vs Polygon zkEVM?

November 20, 2023
FTT jumps 7% as Backpack launches platform to help FTX victims liquidate claims

FTT jumps 7% as Backpack launches platform to help FTX victims liquidate claims

July 18, 2025
XRP Official CRYPTO VOTE LIVE NEWS!🔴GENIUS, CLARITY Act

XRP Official CRYPTO VOTE LIVE NEWS!🔴GENIUS, CLARITY Act

46
IMP UPDATE : BILLS PASSED || BITCOIN DOMINANCE FALLING

IMP UPDATE : BILLS PASSED || BITCOIN DOMINANCE FALLING

38
🚨BIG UPDATE ON WAZIRX || ALT COIN PORTFOLIO NO 1

🚨BIG UPDATE ON WAZIRX || ALT COIN PORTFOLIO NO 1

37
BITCOIN: IT'S HAPPENING NOW (Urgent Update)!!! Bitcoin News Today, Ethereum, Solana, XRP & Chainlink

BITCOIN: IT'S HAPPENING NOW (Urgent Update)!!! Bitcoin News Today, Ethereum, Solana, XRP & Chainlink

33
JUST IN XRP RIPPLE DUBAI NEWS!

JUST IN XRP RIPPLE DUBAI NEWS!

25
Flash USDT | How It Became the Biggest Crypto Scam Worldwide

Flash USDT | How It Became the Biggest Crypto Scam Worldwide

31
Apple CEO Tim Cook Says He Wants to Buy Startups

Apple CEO Tim Cook Says He Wants to Buy Startups

August 8, 2025
Analyst Shares Where Bitcoin, Ethereum, And XRP Prices Will Be By 2032

Analyst Shares Where Bitcoin, Ethereum, And XRP Prices Will Be By 2032

August 8, 2025
Bitcoin’s Hashrate Roars to 976 EH/S — Just a Hair From 1 ZH/s Glory

Bitcoin’s Hashrate Roars to 976 EH/S — Just a Hair From 1 ZH/s Glory

August 8, 2025
Know-Your-Customer: The Quiet Kill Switch

Know-Your-Customer: The Quiet Kill Switch

August 8, 2025
Cardano Short-Term Surge Meets Mid-Term Resistance – What’s Next?

Cardano Short-Term Surge Meets Mid-Term Resistance – What’s Next?

August 8, 2025
Stablecoin to settle  trillion and challenge SWIFT in 2026 amid .3T July volume

Stablecoin to settle $5 trillion and challenge SWIFT in 2026 amid $3.3T July volume

August 8, 2025
Crypeto News

Find the latest Bitcoin, Ethereum, blockchain, crypto, Business, Fintech News, interviews, and price analysis at Crypeto News.

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • Mining
  • NFT
  • Regulations
  • Scam Alert
  • Uncategorized
  • Videos
  • Web3

LATEST UPDATES

  • Apple CEO Tim Cook Says He Wants to Buy Startups
  • Analyst Shares Where Bitcoin, Ethereum, And XRP Prices Will Be By 2032
  • Bitcoin’s Hashrate Roars to 976 EH/S — Just a Hair From 1 ZH/s Glory
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 Crypeto News.
Crypeto News is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Bitcoin
  • Crypto Updates
    • General
    • Blockchain
    • Ethereum
    • Altcoin
    • Mining
    • Crypto Exchanges
  • NFT
  • DeFi
  • Web3
  • Metaverse
  • Analysis
  • Regulations
  • Scam Alert
  • Videos

Copyright © 2022 Crypeto News.
Crypeto News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In