2015 Art Market ReportThe Galerie St. Etienne’s 2015 State of the Market Report asks who, in today’s increasingly fragmented art world, decides what constitutes a great work of art. Curators? Critics? Collectors? The m... Read More
2014 Art Market Report
The art critic and philosopher Arthur C. Danto, who died last year, was instrumental in describing and reifying the concept of the “art world”: an amalgamation of collectors, dealers, artists, cur...
The Investment Game
When Art Is Just an Asset, Everyone Ends Up Poorer
Back in January, everyone breathed a sigh of relief at the news that a consortium of foundations had pledged $330 million to prevent the collection of the Detroit Institute of Arts from being sold off...
The Detroit Disaster Continues
The Forgery “Epidemic”
The well-publicized forgery scandal involving the now-defunct Knoedler Gallery, coupled with the astronomical rise in some art prices, has created the unfortunate impression that art has no intrinsic ...
Does It Matter Who Really Made That Picture?
2013 Art Market Report
In the 1979 film Being There (based on a novel by Jerzy Kosinski), a naïve, slightly dimwitted gardener is mistaken for an economic pundit. The conceit is presented as a comic send-up of the politica...
Money Changes Everything
2012 Art Market Report
For the past dozen years, our annual “State of the Market” reports have repeatedly called attention to the impact of rising income inequality on the art market, correlating the decline of the Amer...
The Authentication Crisis
2011 Art Market Report
In the movie The Social Network, Facebook founder Mark Zuckerberg must choose between building a steady revenue stream via ad sales or going for a potentially much larger payoff by using venture capit...
The Facebook Effect
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