New York Times Looks Inside the Thriving Art Market

March 3rd, 2014

The New York Times takes a look at the contemporary art market, and the purported bubble many dealers and analysts have pointed to over the sale of blockbuster works by Koons, Richter and Warhol, among others.  But the article also hears out dealers who maintain that the market has never been stronger.  “Things are different now,” says art advsor Allan Schwartzman. “There’s a momentum in the market that’s dictated by the top players. It’s trophy-driven. There are often six competitors for the major lots at auctions, which indicates to me there isn’t a bubble. Contemporary art has never been supported like this before.”  

Read more at New York Times