Terence Koh’s meteoric rise in the mid-2000s was a case study in how quickly an artist could move from outsider provocation to international stardom, propelled by the close partnership between Koh and dealer Javier Peres. From a basement installation featuring albino parakeets in Los Angeles to nearly half a million dollars in sales at Art Basel, Koh’s work blurred the boundaries between art, performance, identity, and the artist’s own life. But beneath the spectacle was a more serious question about the art market: whether a dealer’s ability to generate attention and accelerate prices could keep pace with an artist’s creative development, particularly when the work itself was deliberately fragile and impermanent. EPILOGUE: Koh’s market crashed, and he went into hermetic retreat, then re-emerged recently. Peres Projects shut down in 2025…




