Superstar Economics” of the Art Market Is Its Biggest Threat

Art Market | Clare McAndrew

At least 20 notable galleries closed up shop in the first six months of this year, some after decades of working in the art market. As an economist observing the art market for the last 20 years, I try to stay objective about the trends I see, but a gallery closure still gives me an emotional pang.

I’ve been lucky enough to have interviewed hundreds of gallery owners in the course of my research, and I can safely say they tend to be very smart, knowledgeable, and passionate about what they do. They’re also extremely hard-working, and often underpaid compared to similarly educated counterparts in other industries…read more 

Images |  Matthew Lloyd

2018-10-29T09:52:06+00:00