With the economy in a nose dive I can’t help but notice that the art world (or at least the NY Times) seem to bemoan the coming times in which an auction house can’t even bring in half of its night’s estimate. The end times are upon us!
I think it’s all a bunch of crap personally (as do most people, but it sure seems like they’re making a really big deal about it). I feel for those collectors who are losing money on their investments and those artists who might not receive that grant they were hoping for, but I hope this brings out a greater appreciation for art as a whole instead of looking at art as a commodity.
Yes, hard times are ahead for everyone, but I’ve always believed that adversity breeds creativity.
Just like the dotcom crash, the art bubble is bursting, but I’m looking forward to it. I think this is just the kind of catharsis Art needs.