Word: krakoff
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Sitting in his loftlike Manhattan office amid stacks of auction catalogs, art monographs and fashion books, Krakoff points to his Marc Newson Event Horizon desk, one of only eight in the world. (He also has a carbon-fiber-and-corrugated-paper Ron Arad desk.) "It's as much sculpture as it is functional," he says. "These kinds of pieces straddle the line. The distinction between art and design is really blurred...
...market for rare contemporary design is suddenly in the spotlight as collectors like Krakoff flock to auctions and art shows to snap up coveted limited-edition pieces. And the works of contemporary-design stars like Arad and Newson are beginning to surface in art galleries...
...trade--is catching the wave of the booming contemporary-art market. Their success may have to do with their uniqueness, but their work has also been called sexy and easy to like. "Newson has married technology to creative ideas, and he has captured a look people love," says Krakoff. "Arad is doing stuff with carbon fiber and vacuum-blown aluminum. They are taking amazing technology and harnessing it. It's very...
...houses like Wright in Chicago, has also made the design market more accessible with mid-market price points on Danish and Italian mid-century design pieces, allowing more players to enter the game. "Because of the Internet, collecting design has become a pastime for a lot of people," says Krakoff. "Twenty-five years ago, the auctions were much less public. But now you can go on sites like 1stdibs.com and bid on them all over the world...
...Krakoff got into collecting 20 years ago when he was a design assistant at Ralph Lauren. He started with Mission-style pieces like Stickley furniture and Tiko and Hampshire art pottery, and then moved on to the furniture of French architect Prouvé. After visiting one of Philippe Starck's hotels in the mid-1980s, Krakoff fell in love with the French designer's work. That led to an interest in French contemporary furniture designers like André Dubreuil, Olivier Gagnère and Eric Schmidt...