How the artworld is killing its own market via the internet
A case study of what not to do when building value
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As a young artist, I asked the gallerist who represented me how the art market worked. When I queried the answer, I was dismissed with a phrase that became familiar, "You don't understand the artworld."
I repeated these conversations to my father and asked his opinion. He said, "Haze, this is not how business works. This is something else."
Some years ago I asked the owner of a private art collection that has been held in one family for generations and includes some of the world's greatest paintings for his opinion on a globally known contemporary artist. He gave a two-word reply.
"Con artist."