Over the past seven or eight years the contemporary art market has had an unprecedented rise in activities and prices. The irony is that if we were to look through the auction catalogues of contemporary art from fifteen or twenty years ago we will recognize works by artists who have lost their place in the limelight.
The majority of art world is not inventing culture because it is heavily influenced by fashion and Hollywood trends. If collectors thought, even for a moment, that their art collection would do terribly in the market they would stop investing in art. The “young artists” frenzy and the periodic oscillation from western to non-western art, have only created a false landscape for the production and perception of art.
Many of us may not agree with David Galenson and his theories because it is much more exhilarating to be part of a mysterious and unregulated scene. Those driven artists, who neither depend on the art market nor on social trends and are tenaciously at work in their incubators, will ultimately take the quantum leap and liberate art. Our reception and understanding of their work will not be limited by their age, nationality, race, gender, discipline or prestige.
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