Art Basel redux!
Photograph AFC
Several sources tell me the really ugly overpriced art at many of the larger fairs isn't selling. Normally statements like this wouldn't be a conversation piece, but today, it inspires the question, “Is the party almost over or are collectors just not that dumb?” Given some of the prices around here I'd like to say it's the latter, but then again I saw art sell last year I never thought would find a home. I guess we'll know how the fairs will pan out by the end of the week, but speculation tells me this may be the first year dealers go back without their standard Basel boatload of money.
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