Art Market Bubble Dialogue: NYT Invites Readers To Weigh In, And So Do We!

Calling all collectors, connoisseurs, patrons, economists, starving artists, tastemakers and enraged bystanders. The New York Times wants you to engage in a conversation about the art market. In a recent letter to the editor entitled “Invitation to a Dialogue: An Art Market Bubble?” William Cole writes rather dramatically about what most of us already know: the art market is not fair. He writes:”Financiers know the value of hype. They understand that if artworks sell at exorbitant prices, those works — and the artists who created them — become newsworthy, regardless of whether they’re actually any good. And the media play right along…”The thought-provoking piece finishes with gusto: “Have the masters of the universe created the unpoppable bubble? Or will the child’s voice somehow manage to rise above the buzz and proclaim that the emperor is, as many have suspected all along, buck naked?” Even though we agree with this sentiment, we hope we never see the current art emperor Damien Hirst viewed in the buff.Read More…
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Art Market Bubble Dialogue: NYT Invites Readers To Weigh In, And So Do We!


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