Felix Salmon » Blog Archive » Hirst: Still weak | Blogs |
A great comment on Felix Salmon’s post about Bloomberg’s dubious claim that the Hirst market is up: “Oh if only economists like yourself had some kind of effect on the bullshit that the gallerists and auction houses talk about the market. Only yesterday, a former Sotheby's director told me the contemporary art market hadn't crashed. But prices are down 40%, I said. Yes, she said, but people are still selling art for a lot of money”¦.. But, I protested, if the value of your home decreased by 40% in a year, you'd call that a crash wouldn't you”¦”
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