Quick flip to success
Having studiously avoided the media for years, Charles Saatchi was stirred enough to write an article for the Guardian last December that opened: ‘Being an art buyer these days is comprehensively and indisputably vulgar. It is sport of the Eurotrashy, hedge-fundy, Hamptonites; of trendy oligarchs and oiligarchs.’ He has a point. A new type of collector is taking a close interest in contemporary art and elbowing old hands such as Saatchi out of the way. These new collectors are not interested in watching artists build a career through museum shows over a period of years. They’re not out to spot new movements as Saatchi tried to do with young British art.