Slogans aside, no one succeeds in business without really trying. It demands a sound plan, attention to detail, great staff, fabulous location, hard work, good timing and at least a dollop of luck.
That's a lot to ask of art galleries, which are often labors of love, launched by financial neophytes who essentially gather a bunch of talented friends and put on a show. Twin Cities warehouses and storefronts are haunted by the ghosts of galleries that have come, gone and are now barely remembered.
Even so, a strong cadre of galleries has survived, thrived and all are charging ahead even in these rocky financial times. There is no single pattern to their success; each has an effective strategy, whether it be showing nationally, partnering with other galleries, diversifying sales techniques, expanding or consolidating.
"I've been monitoring the financial situation on a daily basis and waiting for the other shoe to drop on the art world, but in my business things are going along nicely," said veteran Minneapolis gallery owner Tom Barry, who specializes in Midwestern art, does appraisals and offers art storage.
Barry attributes the comparative stability of the local art scene to the area's relatively modest prices and the fact that people here generally buy art "out of pure enjoyment for their environment; it has nothing to do with investment."
No Twin Cities gallery is a major player in the national and international art world, where contemporary paintings, sculpture and installations routinely sell for millions. Such prices typically are set by 15 or 20 galleries or auction houses in New York, London or other international centers, said Minneapolis gallery owner Martin Weinstein.
In the Twin Cities, prices rarely top $100,000, he and other dealers said. Sales in the $5,000 to $20,000 range are not uncommon, but the bulk of bread-and-butter sales are well under $5,000. Original drawings, prints and fine crafts by top Midwestern talents are often priced at $50 to $500.
After 12 years in a south Minneapolis storefront, Weinstein Gallery has firmly established itself on both the local and national scene. Specializing in vintage and contemporary photography, the gallery makes about 50 percent of its sales to national clients, some developed at art fairs in New York and Chicago, where the gallery rents a booth each year.