… of the art market. What were you thinking of, you dirty wee puppy? I’ll deal with you later. No, according to a University of Luxembourg study, the international art market is in a “mania phase” and the bubble is going to pop any time soon, leading to a “severe correction”. Countdown starting right now to an art exhibition called either Severe Correction or Mania Phase.
The contemporary art market has been a very bad, bad, dirty, disobedient and thoughtless pig.
The “zombie formalist” artists (i.e. makers of art as an asset class, devoid of narrative, representation, politics, ideology, etc.) and their handlers are partly to blame, but as the gentleman who created the term rightly says, and as I have also said in a various ways over the past few years about a hundred bloody times: “Since the entire market is entirely irrational, it can’t be rationally…
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