An article in Bloomberg this week notes a distinct increase in value for artists showing in this year’s Whitney Biennial. “There’s no doubt that collectors troll these biennials at the openings and attempt to ferret out who will be the hotshot artist or artists, and they corner the gallerists to secure the ‘glittering trophies,’” says advisor Todd Levin. “The auctions that take place after the biennials are part and parcel of the same kind of market mechanism.”
Read more at Bloomberg
