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Tuesday night, as the snow fell on New York City, Chuck Close defended the art market in debate over whether the art market is less ethical than the stock market. The resolution queered the discussion a little because the main issues in the art market–whether it is valid and sustainable market, on one hand; or whether the market value of art can ever measure it’s aesthetic or “real” value, on the
Art + Auction’s Critic Doesn’t Think Much of the Record-Setting Art Buyers Snapped Up in June Souren Melikian is a smart man with a very good eye. But his approach to the art market can be so Olympian as to beg the question. High prices are adduced as signs of a buyer’s taste and discernment when he approves of a work, but a sign of cynical marketing or collector ignorance when he does not. In thi
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