Deep Frieze

Where next for the global art market?

Look, bubbles create other bubbles, they're like derivative bubbles . . .

An anonymous hedge-fund manager, quoted in the new issue of N+1

Among the "derivative bubbles" created by the bubble in financial assets was a bubble in the global art market. And one event, more than any other, came to symbolise its excesses: Frieze, the annual art fair held in London, was, as Tim Adams put in a New Statesman piece last year, a "frenzied narcosis of Prada and oligarchs", a three-ring circus of conspicuous consumption.

Until the near-collapse of global financial capitalism, that is. At last year's Frieze, Adams reported, the "excess . . . seemed finally to have run dry". The art, he wrote, "was never quite the point of Frieze; that was always the buzz, generally loud enough to drown out any shouts about the emperor's new clothes". And the buzz stopped abruptly on the day Lehman Brothers filed for bankruptcy (last year's Frieze took place exactly a month after Lehman went down).

At last night's private view for the 2009 iteration of the fair, there wasn't any frenzied narcosis -- at least, none that I saw (though I wasn't allowed into the inner sanctum of the Deutsche Bank VIP suite) -- but the crush at the bars was discernibly thicker than it was last year. The bald figures, however, suggest that, for all the "buoyancy" of the mood last night, the art market is still in the doldrums.

Only 135 galleries are participating in the main fair this year, compared with 150 last year. And, as one artist I spoke to remarked mordantly, most of the gallerists who have turned up are showing second-rate work, as if they're hoarding the best stuff through the financial winter. (One exception to the medicore, reheated conceptualism that tends to predominate at Frieze were the vaguely hallucinatory paintings of the Belgian artist Michaël Borremans.)

Another sign that the art market won't be recovering any time soon is ArtReview magazine's "Power 100" list, announced today. "This year's list inevitably refects the financial tumult of the last 12 months," the press release reads, "with just about a third of last year's entries falling off and being replaced with newcomers. Collectors as a bracket suffered the heaviest fall within the list, with many former high-rollers going or gone." Perhaps the most precipitous fall is that of Charles Saatchi, who has fallen from 14th in 2008 to 72nd.

Jonathan Derbyshire is Managing Editor of Prospect. He was formerly Culture Editor of the New Statesman.

MONTY FRESCO/DAILY MAIL/REX
Show Hide image

A hatchet job on the Daily Mail: Peter Wilby reviews Mail Men

Peter Wilby on Adrian Addison’s expletive-strewn history of the Daily Mail.

The Ukip leader Paul Nuttall recently claimed that he was among the crowd at the Hillsborough football stadium disaster in 1989 and that he lost close personal friends there, statements which suggest, at best, a flexible relationship with the truth. David English, the Daily Mail editor from 1971 to 1992, went one better. He claimed to have been in Dallas in November 1963 on the day John F Kennedy was assassinated. He was, he told Mail readers 25 years later, “part of the inner press circle which the Kennedys courted so assiduously” and: “We lived and travelled well, we President’s men . . . in brand new special planes.” In Dallas, he “witnessed the whole unbelievable scenario”. In fact, English, then based in New York for the Daily Express, was 1,600 miles away having a coffee break near his office. Adrian Addison’s riotously entertaining book is full of similar stories.

The present editor, Paul Dacre, has never been caught out in such flamboyant untruths. Yet, as Addison explains, the very appearance of the Daily Mail is based on a more subtle lie. Flick through its “human interest” features and you find “typical” Britons talking about their experience of relationships, crime, hospitals, schools, and so on. “Typical” in the Mail’s world means Mail readers as envisaged by its editor – white and middle class, not too fat or too thin, with smart but sensible clothes, hair and shoes, and free of tattoos and nose rings. A story does not, as editors say, “work” unless a picture shows the subjects conforming to this stereotype. If they don’t, make-up artists and hair stylists are despat­ched along with the correct clothing.

Addison, a BBC journalist for much of his career, has experience of tabloid journalism, though not at the Mail. Well over half his book is devoted to the editorships of English and his direct successor, Dacre, with the Mail’s first 75 years – including the familiar but still shocking story of its proprietor’s admiration for Hitler in the 1930s – dismissed in just 150 pages. The paper’s Sunday sister, launched in 1982, is mentioned only briefly.

In many respects, the book is a hatchet job. Dacre emerges, to quote Stephen Fry, as “just about as loathsome, self-regarding, morally putrid, vengeful and disgusting a man as it is possible to be”; English comes out very slightly better, thanks to personal charm and lavish parties; and the Mail Online’s publisher, Martin Clarke, who gets a chapter to himself, is portrayed as a cross between Vlad the Impaler and Fred West, redeemed, like Dacre, by demonic energy and undeniable success in attracting readers.

Like a good tabloid editor, Addison varies the tone, giving us occasional tear-jerking passages to show that even Mail editors have a human side. English befriends an ­office messenger boy, promises to find him a job in journalism if he gets an A-level in English, and proves as good as his word. Dacre, shy and socially clumsy, summons a features editor who had said the previous night, “You are mad, you know, Paul,” and asks, “I’m not really mad, am I?” Addison even deploys that old tabloid staple, the faithful, prescient dog. It belonged to Vere Harmsworth, the 3rd Viscount Rothermere and fourth Mail proprietor, who died in 1998 just 12 weeks after English, some said of a broken heart because the two had become so close. The day that Harmsworth, tax-exiled in France, was leaving home for London, where a heart attack killed him, his dog Ryu-ma refused to accompany the master to the airport in the chauffeur-driven car as it usually did.

The Harmsworths command a degree of admiration from many journalists. Of all the great newspaper dynasties – the Beaverbrooks, the Astors, the Berrys – they alone have stayed the course. The present proprietor, Jonathan Harmsworth, the 4th Viscount Rothermere, is the great-great-nephew of Alfred (“Sunny”) Harmsworth, who co-founded the paper in 1896. The Mail’s masthead hasn’t changed in 121 years, nor have several other things. Just as Sunny had only one Daily Mail editor until his death in 1922, Jonathan sticks by Dacre, allowing him to get on with his fanatical Brexiteering despite being a Remain sympathiser himself. So, too, did his father allow Dacre to denounce Tony Blair while he himself moved to the Labour benches in the House of Lords. Again like Sunny and Vere, Jonathan keeps accountants at arm’s length, giving the editor such generous budgets that the Mail scraps roughly two-thirds of the features it commissions yet still pays higher “kill” fees for them than other papers pay for the articles they print.

Other aspects of the Harmsworth legacy are less admirable. Most papers worried about the militarisation of Germany in the years before the First World War but, Addison writes, the Mail “raged”. Today, it is rage against immigrants, liberals, Greens, benefit claimants, human rights lawyers, the EU, overseas aid and a host of individuals from Polly Toynbee to Gary Lineker that oozes from almost every paragraph of the paper.

Many among what Dacre calls “the liberal elite” will find that Addison has written the exposé of the Mail that they always wanted to read. The inside story, with its unexpur­gated f***s and c***s, is as bad as you thought it was. But remember: the paper sells about 1.5 million copies a day, second only to the Sun. Its faults and virtues (there are some of the latter) owe nothing to marketing constructs, the proprietor’s business interests, party loyalties or anything other than the editor’s judgement as to what people will read. Denounce it by all means, but remember that millions of Britons love it.

Peter Wilby was the editor of the Independent on Sunday from 1995 to 1996 and of the NS from 1998 to 2005

Mail Men: The Story of the Daily Mail - the Paper that Divided and Conquered Britain by Adrian Addison is published by Oneworld (336pp, £20)

Peter Wilby was editor of the Independent on Sunday from 1995 to 1996 and of the New Statesman from 1998 to 2005. He writes the weekly First Thoughts column for the NS.

This article first appeared in the 16 March 2017 issue of the New Statesman, Brexit and the break-up of Britain