Manhattan Institute Issues Commentary to Bloomberg Opinion: Art Market Needs a Restoration Project
October 25, 2024
October 25, 2024
NEW YORK, Oct. 25 -- The Manhattan Institute issued the following excerpts of a commentary to Bloomberg Opinion:
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The Art Market Needs a Restoration Project
By Allison Schrager
The current decline of prices is due to changing market conditions -- it is not a reflection on any given artist.
The contemporary art market poses one of the great chicken-egg questions in all of economics: If the thing for sale has no objective value, . . .
* * *
The Art Market Needs a Restoration Project
By Allison Schrager
The current decline of prices is due to changing market conditions -- it is not a reflection on any given artist.
The contemporary art market poses one of the great chicken-egg questions in all of economics: If the thing for sale has no objective value, . . .