Word: fors
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Dates: during 1970-1979
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There are some kinds of success, the painter Edgar Degas once remarked, that are indistinguishable from panic. So it seems with the present boom in the art market. For the past 15 years or so, collectors, dealers, auction houses and their willing accomplices, journalists, have been moved to pleasure, then...
The second flaw in the euphoric confidence of today's art traders is a matter of historical myopia. How wonderful, we are told, that all things rise in price, as though in some universal resurrection and canonization of the dead. Twenty years ago, you might not have got $1...
Fashion, in other words, is taken not to exist. But the unpleasant fact is that no reputation is immune to fashion. The art market is built on it. The French cattle painter Rosa Bonheur, a favorite of Victorian merchant princes, got ? 4,059 (then almost $20,000) for her Highland...
In any case, whom does the art boom benefit? Only collectors and middlemen. Few artists get to share in it. This is partly because boom conditions create an unreal system of reputation, with most of the benefits going to a handful of stars at the top and scarcely anything to...
For most of us who cannot make or buy art but do want to look at it in peace, the art boom has been a disaster. The confusion of art with bullion may have done more to alter the way people experience works of art than any event since the...