How art became a market of extremes

THE IRISH TIMES | Gemma Tipton:

Oscar Wilde, always good for a quote, once said: “When bankers get together for dinner, they discuss art. When artists get together for dinner, they discuss money.” Maybe we are most fascinated by that which we find exotic and rare. For most artists, money is exotic indeed. At the other end of the spectrum, art is synonymous with money, as those at the top echelons of the art market – the 0.1 per cent of the art world – value their sales in the tens of millions. These are the few artists who are probably very friendly with their bankers… Read more