Saturday, 19 January 2008

A dangerous game

"Contemporary art sales could contract as rapidly as they expanded. A ludic element rather than passion drives many new buyers. Should worries about the economy instill fears in them, the newly affluent Chinese or Russian or Arab buyers might not find it difficult to defer the acquisition of status symbols or to renounce the temptation of making patriotic statements by overpaying moderately coveted works."

In the International Herald Tribune, Souren Melikian (again) warns us that dangerous games are being played in the art market.

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