Will the Auction Houses Get Hammered? by Arne Glimcher
…”Some of the rock-star artists who experienced meteoric rises, helped by manipulations on the auction block, are now in freefall. The current lack of demand for their art has left their factories wanting. Although some of these artists are significant, the collapse of hyped and manipulated markets may take a generation to disassociate the art from the feeding frenzy of the 2000s for it to find their place in history..”
