Posting temporarily disabled due to a rather aggressive spambot...
NYtimes gets it!
"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..."
|what's the link to this article?||Jan. 3, 2013, 1:47 p.m.|
|http://www.nytimes.com/2013/01/02/opinion/invitation-to-a-dialogue-an-art-market-bubble.html?_r=1&||Jan. 3, 2013, 1:47 p.m.|
|Awesome article. On the other hand...everyone keeps talking about how ridiculous the art world is, from reactionaries like Tom Wolfe to active participants like Adam Lindemann - if anything, the bubble just keeps expanding though - more art fairs, more celebrity art being bought by celebrities. Is there anyone actually doing anything about it other than complaining?||Jan. 5, 2013, 6:59 a.m.|
|Here's the thing-- the investment model of art purchasing is here to stay, so we might as well embrace it. Unfortunately what makes a piece worth something is strongly linked to its ownership history...i.e., if Lady GaGa had it in her bathroom then it's worth more.||Feb. 10, 2013, 9:55 p.m.|