radical redistribution(s) of wealth created the illusion of “high art prices.” In fact, art prices have fallen as a percentage of the buyer’s disposable income, so art is statistically less important to the people who buy it. The question of how good the art is and how long it will last is of much less consequence.
on a side note, a smaller version of the piece I assisted on this spring, "hello methlab in the sun" is in Miami at "The Station." The show was curated by Shamim Momin and Nate Lowman. and getting good reviews! (here, here, and here, among others)
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