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IRRATIONAL EXUBERANCE
Curated
by DAVID HUNT
Group
Show
STEFAN
STUX GALLERY, NEW YORK
January
10 to February 7 2004
Stefano
Cagol: Project Room: Video Windows
Press
Release
VIDEOS:
FLUX O, 1999
-2002
by Stefano Cagol, New York
video DVD, 197 sec / loop
Edition of VI
STARS
SHIP I, 2003
by Stefano Cagol, London
video DVD, 330 sec / loop
Edition of VI
WAY OUT,2003
by Stefano Cagol, London
video DVD, 72 sec / loop
Edition of VI
Works by: Ben Blatt, Michael Ferris Jr., Linda Ganjian, Adam
Henry, Matt King, Max Carlos Martinez, Kirk Nachman, Lamar Peterson,
Diana Puntar, Jon Rappleye, James Richards, Erica Svec, Heide
Trepanier, Will Villalongo, Zachary Wollard, Chris Yockey, Tamara
Zahaykevich.
Rather than the restrained minimalism of the past, noted for
vast uninterrupted color fields, or simple iconic objects floating in
uninterrupted space, the work in Irrational Exuberance tends toward an
overflow of imagery, styles and visual arcana. Where early postmodern
pastiche tended toward the mixing and matching of a few predominant
styles - say, biomorphic abstraction with cartoon figuration - the
artists in Irrational Exuberance freely sample from a full buffet of
abstraction, figuration, decoration, realism and various hybrids in
between.
In 1996, Federal Reserve Chairman Alan Greenspan, in a
lecture delivered to the American Enterprise Institute, coined the term
Irrational Exuberance to characterize the behavior of stock market
investors. Between 1994 and 1996, the Dow Jones Industrial Average
tripled, a level of growth not reflected in any other sector of the
economy. In retrospect, it‚s easy to see how sports-style stock
coverage on CNBC, the rise of day trading, and new periodicals such as
the Motley Fool and Silicon Investor all contributed to a herd
mentality that reinforced a psychological positive feedback loop
whereby high stock prices begot still higher stock prices.
More recently, the art world has undergone a similar form of
unprecedented growth. Galleries continue to be built in an already
overcrowded Chelsea, art fairs open in peripheral cities, Biennials
become cash cow staples for tourist industries the world over, and
magazines and newspapers continue to devote more column inches to the
introduction, promotion, and eventual canonization of emerging artists.
The effect of such tireless promotion and scrutiny by critics, curators
and dealers is to usher in a new sensibility characterized by visual
boldness, Baroque leanings, labor intensive studio practice, and a
visual field that evinces a complex decision making tree. Today, it
seems, in order to stand out in the crowd, an artist must be a highly
sophisticated choreographer of visual motifs, or, similarly, be willing
to stage a situation not likely to be seen in a lifestyle magazine or
the increasingly self-referential world of reality television.
STUX GALLERY
530 West 25th Street
New York, NY 10001
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