Big Pictures
Art has no equivalent of the Skyscraper Index, the notion that record-breaking towers tend to be built, hubristically, just prior to an economic crisis. The top end of the art world seems to ignore crises altogether (at least the part that doesn’t invest in tall buildings). Inflationary tendencies are observable in the art world, though, in uppity auction prices, the spread of private museums and art storage facilities and, seemingly, in art itself, no doubt partly to fill all the cavernous museums being built. >> Read more
