Showing posts with label Horses. Show all posts
Showing posts with label Horses. Show all posts

Wednesday, April 22, 2009

Der Blaue Reiter

Wassily Kandinsky, Franz Marc, August Macke, Alexej von Jawlensky, Marianne von Werefkin, Gabriele Münter, Lyonel Feininger, Albert Bloch and others founded the group in response to the rejection of Kandinsky's painting Last Judgement from an exhibition. Der Blaue Reiter lacked a central artistic manifesto, but was centred around Kandinsky and Marc. Paul Klee was also involved.

Wassily Kandinsky, Der Blaue Reiter, 1903
The name of the movement comes from a painting by Kandinsky created in 1903 (see illustration). It is also claimed that the name could have derived from Marc's enthusiasm for horses and Kandinsky's love of the colour blue. For Kandinsky, blue is the colour of spirituality: the darker the blue, the more it awakens human desire for the eternal (see his 1911 book On the Spiritual in Art).
Within the group, artistic approaches and aims varied from artist to artist; however, the artists shared a common desire to express spiritual truths through their art. They believed in the promotion of modern art; the connection between visual art and music; the spiritual and symbolic associations of colour; and a spontaneous, intuitive approach to painting. Members were interested in European medieval art and primitivism, as well as the contemporary, non-figurative art scene in France. As a result of their encounters with cubist, fauvist and Rayonist ideas, they moved towards abstraction.





Tuesday, May 6, 2008

Breeding Bubbles

It’s the economy, stupid.
In the first few hours after Eight Belles’s breakdown in the Derby, just as in the first few hours after Barbaro’s collapse two years ago in the Preakness, we’ve seen dozens of explanations, from the well- and not-so-well-informed. The track was too hard. The horses had been raced too much too young. Fillies shouldn’t be running against the boys. It’s the drugs. Oh, we’re breeding unsound horses.
Yes, it’s probably all of those. But especially the last. There’s no question that racehorses today are less sound, more prone to injury, than those of the 1950s and ’60s, or even of a decade or two ago. Horses today race only half as many times as they did 30 years ago. And the reason is the market. Like other unregulated markets — remember the mortgage-securities collapse, anyone? — the thoroughbred breeding market is subject to that old economics chestnut,
Gresham’s Law. Bad money (or in this case, bad breeding) drives out good.
Although thoroughbreds have always been bought and sold, the real explosion in the auction market, and the bubble(s) in prices, date from the late 1970s and early 1980s. Fueled by money from Europe and the Middle East, auction prices for the best Kentucky-bred yearlings rose faster in the early ’80s even than U.S. home prices did earlier in this decade. The frenzy reached its first peak with the 1985 purchase of Seattle Dancer for $13.1 million. Seattle Dancer ran five times, winning twice, and earning $150,000, and then failed as a stallion.
Excesses like these led to a market collapse in the late 1980s, but the whole cycle started up again the next decade, and continues today. The Green Monkey is, so far, the top of this price bubble, fetching $16 million at the 2006 2-year-old sale, then running three times without a win before being retired.
What made the market develop as it did was the influx of new money. That money came both from those who wanted to win races — the Maktoum family of Dubai being the prime example — and, more importantly, from those who were looking to make a profit not from racing, but from breeding and selling.
* continued at Breakdowns and Dollars

In other greed-fueled news, check out where your oil dollars are going (via Wagga)...