‘We’re Not Working in an ER’: Dealer Esther Kim Varet on How to Run a Thriving Art Gallery Without Losing Your Mind
The cofounder of the Various Small Fires gallery in Los Angeles says that old gallery business models are now broken.
This week, dozens of art dealers are packing up their wares and flocking to Hollywood, hoping to make inroads with the city’s growing pool of art-collecting celebrities, media moguls, and tech entrepeneurs by participating in the second edition of Frieze LA, the art fair taking place in the old Paramount Studios. But despite the massive amounts of money flowing through Hollywood, Los Angeles has long proved a frustrating target for art dealers who first had trouble turning matinee idols into art connoisseurs, and then hit a wall with the tech scene.
One operation, however, that seems to have figured it out is the small homegrown gallery, Various Small Fires. Founded in 2012 by the husband-and-wife team of Esther Kim Varet and Joseph Varet, the gallery today sits in a former film production office on Highland Avenue that has been sleekly overhauled by the in-demand architect Johnston Marklee. Widely referred to by its acronym, VSF, the small gallery has only 12 multigenerational artists, but it seems to have an outsize claim on the attention span of LA’s collectors, minting one art star after another and drawing massive waiting lists for their work.
So what’s in VSF’s special sauce? Artnet News’s editor-in-chief Andrew Goldstein called Esther at her office to talk about the gallery, which she actually likes to think of more as a startup.
So Esther, you founded your gallery in 2012 in Venice beach. What were you doing in the time leading up to that moment?
After I graduated from Yale, I actually spent a couple of years working at some larger galleries in New York. My advisor from Yale, David Joselit, actually helped me get a job working as a receptionist at Paula Cooper, and I was there for a few months before I sidestepped down the street in Chelsea to Petzel. So I actually got a start early on by observing and working at other galleries.
Then I started grad school at Columbia and, along with a couple of friends, actually started a gallery—somewhat foolishly, I think, looking back now—but one of my partners actually still owns and operates that gallery from the same space that we started.
A fun side note is that there is an Asian American character on the HBO show Girls who starts a gallery, and it turns out that she was actually based on me!
So very soon after we opened the gallery the recession hit, but even before that we had started having some troubles, it’s very challenging to make decisions and come to solid conclusions about how to run and operate a business, so we broke up the band right before the recession hit, which was a blessing in disguise for me because it helped me sit out a couple of those hard years.
That’s when I began my PhD work at Columbia, and I was doing curatorial work for Performa before I moved to LA.
And Performa, of course, is the performance art biennial that takes place in New York every two years, and I believe that was actually how you met your husband.
That is correct. My husband Joseph was on the board of Performa and we were on a committee together, we sat next to one another, and here we are.
So the gallery is really a family affair. You run the dealing operation and your husband works as the CFO, but his background is actually in startups and as an angel investor for other early-stage ventures. What kinds of skill sets does he bring to the gallery that your typical dealer might not avail itself of?
Joseph, in every sense, does act truly like a CFO, and also is kind of like the in-house lawyer. Though he doesn’t have a legal background, he has a lot of experience in business transactions and partnerships and consignments.
When I was first starting the gallery, he was flabbergasted looking at the documents that the terms were actually legitimate terms that we would abide by.
The art gallery business is such that, even putting things in writing like a consignment, this is really a handshake on paper. But the VSF consignments are written to protect not only us, but also the other parties involved, especially our artists, and that’s thanks to Joseph’s business acumen.
I’ve spent the last four or five years really unlearning what I had picked up in New York in terms of running a gallery, and adapting it in ways that felt much more appropriate for my generation and the generation right under me.
We have players in the gallery that are just as important as Joseph or I am. My director, Sara Hantman, is a vital force, as is our exhibition coordinator and our archivist, and all the staff at our Seoul location.
Within this new framework, how is it that you see yourself as less of a traditional art gallerist than an entrepreneur in the year 2020?
For my generation, the role of the gallery is probably the most vital element to an artist’s career. And when you realize the gravity of the fact that you are taking care of the livelihoods and careers of a number of people, you want to do it right.
And you do have to treat it as a business because it is a business. If you want to stay open, then you have to run it by the numbers. You have to do an analysis, you have to do quarterly meetings, which we do at the gallery and with all of our staff.
I’ve worked with a number of artists now that are in their 80s, and they have gallerists that they have been working with for the past 50 or 60 years that have never made a consignment with them.
If you understand how the business of it works and how insurance works, there are so many reasons to make a consignment, and to draw clear lines, and the sooner that you establish rules for each other, then I think the chances of the relationship going on for much longer are much higher.
Dealers now have to put on fancy shows, while simultaneously traveling around the world to art fairs, which is creating a lot of stress on the system. What do you think is the way to innovate and evolve the traditional gallery model?
I think the gallery came of age in an era where you had to be everywhere at once. And I think traditionally the gallery has been built with a person’s name on the door, and very early on I realized I didn’t want my name on the door. I wanted more people than just me expanding the gallery and moving forward. I wanted to create a brand that was more important than the individuals behind it. Even calling the gallery Various Small Fires really enabled us to spread out, to take on staff that we treat like partners.
I take less for the sake of being able to share more, and together with my staff I built an 80-page VSF manual detailing every aspect of how to run the gallery, so that it could be replicated in another city.
It’s interesting that you have a Various Small Fires manual because your gallery is named after an artist book by Ed Ruscha from the 1960s called Various Small Fires and Milk.
Yes, that’s right.
You have this very vibrant community of collectors that is supporting the gallery. What are these collectors like in LA and how has this been changing over the course of your gallery’s existence?
When I first moved here, I went to a lot of dinners. My husband is friends with a lot of producers and actors, and we would go to these dinners and everybody would be talking to me, asking me questions about street art, because it was the hot thing at the time. I would politely decline, because I don’t know that much about street art, but I do know that historically it was very important to Los Angeles and the concept of culture here.
In the past five years, all of those collectors have kind of switched over with the rise of the contemporary art scene here and how it is portrayed in the media.
We have a lot of agents that are collectors, and they are essentially talent seekers, so the contemporary art market is the perfect place for them to find new talent, and get in early. I think it makes a lot of sense that WME bought Frieze, there’s a lot of synergy there. Over the last four years really, there’s been a tidal shift, and Frieze has been perfectly timed to launch here now.
My one hope is that this will translate into more local institutional support, and that is a huge part of what I feel like my role is, to match institutions with collectors and broker partnerships, all while I’m stabilizing the markets of our artists by placing their work in institutions.
That is a mark of a mature collector, somebody who is on museum boards. That way dealers like you who are putting down a hard wall on flippers will look at them differently, and more seriously.
So if there’s anything I could say to the listeners in the Hollywood industry out there who are hearing this podcast, get on museum boards, because that is going to help in a big way. I mean, does that sound true to you?
There are a lot of people joining acquisition committees and boards so that they can get access. And $15,000 to join the acquisition committee at LACMA is a very cheap buy-in for a credential for them to get access to work. Institutions know their collections are starting to become transformed by market interests precisely because of these collectors that are infiltrating themselves.
It’s a double-edged sword. I think the takeaway is that when I talk to young collectors here who ask me, “do you think this painting is good bang for my buck?” you have to say, “it’s great that you’re interested in buying something you love and wish will accrue in value, but you have to think holistically about how to help this artist on a grander scale.”
When the laws of institutional giving were written in the ’60s, it was the beginning of the formation of the modern museum, so I spend a lot of time thinking about the different funding structures, and what the long term implications of that are. Understanding how to build market stability around artists is really native to us, and you realize like just as much as you’re being instrumentalized by the system, we’re all kind of using each other in this three-way circus.
I would imagine what people object to is when the money actually gets accrued by the collector and doesn’t go down to the studio. Is that something that you’re seeing developing in LA, where there are all these speculative people who are getting in and trying to really maximize their return while minimizing the return for the galleries and the artists?
I feel like there is no evil in the art world anymore because based on old rules, everything would be an evil, right? But we’re not functioning under those old rules anymore, and I think that we should just count our blessings that the art market as we know it continues to grow.
You opened a gallery offshoot last year in Seoul, which is where I believe your family is from.
Yes. I am the daughter of immigrants in America, I was born and raised in Dallas, Texas. But my family has always maintained their roots to Korea, I’m fluent in the language and I am familiar culturally. About four years ago, I really started thinking about what the next step would be for the gallery. When I was growing up in Dallas, as far as being Asian American, the whole art world felt very Eurocentric to me. And I am American, but it wasn’t really until I moved to California and I opened the VSF LA space that I really started understanding the strength of my own identity.
Korea has the highest per capita of collectors in Asia, and also has zero percent import tax and zero percent sales tax on art, which makes it very unique. Korea is not a country with that many natural resources, so very early on after the Korean war, the government really emphasized culture and technology, which we’re now seeing even more.
Up until now, I think a lot of Koreans had looked at art as an investment and were only primarily invested in blue-chip art. There are so many gallery outposts opening up in Korea—Lehmann Maupin, Pace, Perrotin—which are amazing galleries and incredibly collaborative with us. But I realized there weren’t any galleries of our generation who were specialists in this emerging market that we’re puncturing and setting down roots in.
So one of the few things I know about Korea is that there is a very well established corporate collecting tradition. But what seems to be happening now is that this is really diversifying with a young generation. Nowhere can this be seen more vividly than in the unexpected link that is popping up between K-pop superstars and the contemporary art world. For instance, I’ve heard that one very famous K-pop star, TOP, actually started coming to your gallery a few months ago when he was doing his mandatory military service and has since become a major supporter of the gallery. He started out collecting sneakers, I think, and then transitioned into collecting fine art.
Well, you have to also remember that TOP is in his early thirties which, again, generationally is where we are. And also just as a side note, a lot of the collectors that are cropping up in Asia in general are my generation. And I think it makes sense for them and for us that we’re growing together. But also, the way our gallery program has been built, you spoke about how we have a lot of “hot artists,” but when Zombie Formalism [happened]—a very white, male-centric kind of abstraction—we were not working with those artists. We were working with women of color. We were working with artists that were working out troubling problems concerning the environment and climate change, like the Harrisons, who were considered the founders of that movement, and artists like Liz Magic Laser, who is breaking down what is happening in American politics and the systems of control.
So we’re really focusing on things that feel really relevant to us for our generation. It’s a kind of storytelling that I think feels really relevant right now, especially in this era, and I joke around that I think maybe the gallery program wouldn’t be as popular if Trump had not been elected president.
A new artist that you are going to be introducing during Frieze LA is Calida Rawles, who specializes in photorealistic portraits of black Americans submerged in this kind of otherworldly, beautiful, watery situation. So this is not only the first time that you’ve shown her work, it’s also the first time that she’s ever had a major solo show anywhere. How did you come to discover this artist and what is it that really draws you to what she’s doing?
We have the habit of asking our own artists for recommendations of artists to work with, and I find that that’s been the most effective way for us to grow our own artists community. So Calida is a good friend of Diedrick Brackens, who gave me a list of six artists to check out, and Calida was at the top of that list. She’s based here in Inglewood and I went with my director, Sara, and we were totally blown away.
She’s in her mid 40s and has three kids, she had never had a commercial solo show before, but the timing was interesting because she had just done the cover for Ta-Nehisi Coates’s new book, The Water Dancer, which was about to be released in the fall. So we kind of had an intuition that a lot of people would start paying attention to her work because of that, and we really went based on instinct.
We offered her a show and fast forward nine months later, here we are. She’s a photo realist painter, and it’s important because she was trained as an abstract painter; when she went to grad school they told her that photorealist painting was a dead end.
In any case, five years ago, she started doing the paintings that she wanted to do. I think photo realism is definitely going to have a moment in the next couple of years, and I think that Calida’s voice is an incredibly important one. A lot of people are getting excited about her work, a lot of collectors of color, in particular have been supporting her for a while, which is so important for Calida, to feel like her own community has been supporting her. But the interest has expanded really quickly into Asia, really everywhere. So we’re excited, and I think you’ll start seeing her work being circulated pretty heavily everywhere.
This is a big moment for her, and her reaction has been to just work harder, which is I think, the appropriate reaction. Our job has just been to remind her to stop when she feels really tired, to not burn herself out. I think every single one of us feels invested in what we’re doing individually, and wants to bust our asses off to do our best.
We’re all often in danger of burning ourselves out, and so I have a mantra: we’re not working in an ER, there are no lives to save here, we’ve all just got to chill out.
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