Last Sunday morning, there was a collective groan in the art market when The New York Times told the stories of four artists who saw their auction sales pop in the post-pandemic art boom, only to see their prices dramatically plummet over the last year and a half. None of this is surprising considering the fact that the Times has always taken an ambivalent stance toward the art world. Its highly educated and liberal-ish readership cares about art and artists, but they are also easily put off by the idea that art is also a business. For some reason, the Times views the buying and selling of art with great suspicion and believes those who buy and sell art must be up to no good. Much of the space in the Times profile is given over to the four artists complaining about what they considered unfair treatment, mostly by offstage speculators. (One of the artists, Amani Lewis, went so far as to attack one of her collectors, who sold a work for pretty much what he had paid for it.) The problem wasn’t so much that the collector sold the work but that, in trying to sell for significant profit, the collector had inadvertently revealed that there was little demand for Lewis’s work at the moment.
Try Puck for free
Sign up today to join the inside conversation at the nexus of Wall Street, Washington, A.I., Hollywood, and more.
Already a member? Log In
- Daily articles and breaking news
- Personal emails directly from our authors
- Gift subscriber-only stories to friends & family
- Unlimited access to archives
- Exclusive bonus days of select newsletters
- Exclusive access to Puck merch
- Early bird access to new editorial and product features
- Invitations to private conference calls with Puck authors
Exclusive to Inner Circle only
Latest Articles from Art
Hot Hand: Minjae Kim
A Tale of Two Auction Houses
The Middle Market’s Big Shift
De Kooning’s $75 Million May
King Arthur Holds Court
The Basel Squeeze
Condition Report: Cybele Maylone, The Aldrich Museum
Get access to this story
Enter your email for a free preview of Puck’s full offering, including exclusive articles, private emails from authors, and more.
Latest Articles from Art
The Nissan Skyline R34 Named Desire
Sotheby’s Object Lessons
Picabia’s Final Frontier
May Auction Report: Rational Exuberance
Lifting the Fog on London’s Gallery Scene
Blazing Saddles
A Separate Pace
You have 1 free article Left
To read this full story and more, start your 14 day free trial today →
Already a member? Log In
Get access to this story
Enter your email to get access to one article and free previews of our private emails from Puck authors and editors.
Already a Member? Sign in
Latest Articles from Art
Condition Report: Sotheby’s Caroline Seabolt & Ashkan Baghestani
Hot Hand: Patrick Bongoy
Closing Time
The Art Market’s Cut-Your-Loss Bounce
Christie’s Manic Monday
Sotheby’s Day Sales Smoke Signals