“ART IS AN OBJECT WITH NO UTILITY”

CAREER SUICIDE

500Monopoly

Some more quotes from the book Collecting Contemporary Art, published by Taschen. All by Marcus Glimcher, at the time of the book’s publication an art dealer at PaceWildenstein, New York (now the Pace Gallery). It’s all interesting stuff, but there’s something about his explication and grammar that makes me think of Patrick Bateman in American Psycho, patiently lecturing the back of a guest’s head as a preface to suddenly embedding a fire axe in it.

“The art market is not really a market; it’s too small to qualify as one. Furthermore, if it is a market, it’s a market of uniques. Therefore, there is no true comparability between prices. Finally, it’s a market of Geffen goods which is what gives it such strange characteristics. Geffen was a nineteenth century economist who said that there are certain goods that will disobey the basic laws of supply and demand that…

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