Q and A with Portland art maven Elizabeth Leach

| Print |  Email
Thursday, January 01, 2009

ElizabethLeach
PHOTO BY MICHAEL HALLE

In 1981, when Elizabeth Leach opened her gallery, there were only a handful of other art galleries in Portland’s Pearl District. There are now 60 and Leach has become the beating heart of the Pearl’s ever-evolving art scene. She serves on the board of the Pacific Northwest College of Art, and has played roles in the development of PCVA and PICA. The art history student who says she learned her business savvy from her father at the dining room table could now teach a few lessons on success of her own. On a recent tour of her gallery, the nationally regarded Leach spoke about the recession’s impact on Portland’s art industry.

Q A recent Sotheby’s auction saw many well-known artists’ work go unsold. Could art auctions start to look more like “half-off sales?” Is the art market’s temperature cooling?

A With certain artists, if the quality is good, the value of the work is always going to be there. The impressionists have been doing pretty well. It’s the modern and contemporary that everyone’s been passing on. Overall, though, it’s definitely a good time to buy. If you have cash and you’re liquid, you can go into the market and negotiate good prices.

Q Were prices inflated because people were looking at art as an investment?

A Well, there was a lot of cash in this country. Alan Greenspan let a lot of cash out. I think people wanted to buy, and they bought what their friends were buying. And they weren’t as educated or knowledgeable about what they were buying. $50,000 didn’t seem like a lot of money to these people at that time because there was a lot of cash flowing. But I never suggest buying art as an investment. You buy art because you love it; you want to live with it. Definitely there is art that will appreciate with time. But always buy art because you want to live with it.

Q What trends are taking shape with collectors in Portland?

A Nationally, painting is coming back. But in Portland painting has always been in. People in the Northwest are buying what they like. Most sales here are under $10,000, and that’s a comfortable price point for many people. Portland’s always been a fairly conservative market. It’s always been about paintings, sculpture and works on paper.

Q Best advice to your clients?

A First, you want to determine what people are looking for and why. Some people have a new home and are decorating, so you want to help them find something they like. I’m always looking and trying to find things before they pop. There are young artists out there that you can – and I hate to use this word – speculate on. I show my collectors what I’m doing, and present options to them. If they’re interested, they’ll buy. But you’ve got to know what they like.

Q If and when we climb out of this recession, what will be the biggest change in art dealing?

A We will climb out of this recession! But we’ll certainly see some people go out of business. We’ve seen this before: Boom and then bang. 2001 wasn’t so bad because it didn’t last. But I’m not too sure what will happen this time.

CHRIS MILLER


Have an opinion? E-mail This e-mail address is being protected from spambots. You need JavaScript enabled to view it

 

 

More Articles

Undersea Power

June 2015
Friday, May 22, 2015
BY JACOB PALMER

Mike Morrow and Mike Delos-Reyes first came up with the idea of an ocean power device 23 years ago, when they were students at Oregon State University. They realized a long-held vision last summer, when their startup, M3 Wave, successfully launched the first ocean power device that works underwater.


Read more...

The ancient fish that stops bullets

The Latest
Friday, May 08, 2015
hagfishthumbBY CHRIS NOBLE | PHOTOS BY JASON E. KAPLAN

Hagfish may not have evolved much over the last 300 million years, but their protein-heavy slime promises advances in super-materials.


Read more...

6 key things to know about summer baseball in Oregon

The Latest
Friday, June 05, 2015
basedthumbBY JACOB PALMER | DIGITAL NEWS EDITOR

As temperatures in Oregon creep into the 90s this weekend, Oregonians' thoughts are turning to — summer baseball.


Read more...

Cherry Raincoat

June 2015
Tuesday, May 26, 2015
BY LINDA BAKER

Spring rains are the bane of an Oregon cherry farmer’s existence. Even a few sprinkles can crack the fruit so badly it’s not worth picking. Science to the rescue: Researchers at Oregon State University have developed a spray-on film that cuts rain-related cracking in half, potentially saving a season’s crop. The coating, patented as SureSeal, is made from natural chemicals similar to those found in the skins of cherries: cellulose, palm oil-based wax and calcium.


Read more...

Marijuana law ushers in new business age

The Latest
Tuesday, June 23, 2015
062315panelthumbBY KIM MOORE | RESEARCH EDITOR

Oregon’s new marijuana law is expected to lead to a bevy of new business opportunities for the state. And not just for growers. Law firms, HR consultants, energy efficiency companies and many others are expected to benefit from the decriminalization of pot, according to panelists at an Oregon Business breakfast meeting on Tuesday.


Read more...

Downtime with John Helmick

June 2015
Tuesday, May 26, 2015
BY JACOB PALMER

Live, Work, Play: CEO of Gorilla Capital.


Read more...

The Backstory: Portland Youth Builders

The Latest
Wednesday, June 03, 2015
blog002 1BY JASON E. KAPLAN | STAFF PHOTOGRAPHER

As part of our green workplaces story, Oregon Business checked out a community service project undertaken by Portland Youth Builders, a nonprofit alternative high school. In partnership with Whole Foods, PYB built garden boxes for a Home Forward  housing site. Home Forward is a government agency that provides housing for low income residents and people with disabilities.


Read more...
Oregon Business magazinetitle-sponsored-links-02
SPONSORED LINKS