Art Quote of the Day

Friday, December 27, 2019

Has the Art Market Lost its Mind?

The Financial Times provides More evidence that the art market is bananas: "We didn’t need somebody to buy a banana for $120,000 to tell us that art collectors frequently have more money than sense. Such “ready-made” japes have been causing controversy since Marcel Duchamp first proposed his urinal over a century ago. But there is something about the timing of this furore — which saw collectors shell out $120,000 for editions of a banana, entitled “Comedian”, duct-taped to a wall by Italian artist Maurizio Cattelan at Art Basel Miami Beach — that feels particularly distasteful."

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