This is from a very good article on the current state of the art world and deepish dive into the historical circumstances which led to this point. However, I strongly disagree with the author's frankly ridiculous statement that the art market is not to blame for the situation when everything he carelessly describes as "art" only exists within the narrow and corrupt confines of the elite galleries and institutions. It's like claiming the shitcoin market had nothing to do with the rise of FTX.

There is a lot of great art being bought and sold in the four and low-five figure range by honest and passionate people. What the public is sold as the "art world" has nothing at all to do with this and most people intuitively understand that what they're selling is not art, no matter how hard the media tries to gaslight them into accepting it.

Reply to this note

Please Login to reply.

Discussion

Here's another canary in the coalmine of the Western monetary system. There's a lot of money-laundering going on and probably a lot of hedging against rampant inflation too.

I read this note of yours early this morning and having just finished watching the documentary I linked, in another note, on the history of modern street art, I would love to simply shout "Bitcoin fixes this" but......

Facetiousness aside, perhaps after I read the palladium article fully I'll have some thoughts to share. If you haven't seen that Street Art documentary it explores and touches on the issues in your note.

I noticed that you posted that. I don't getbanlot of time to watch documentaries but I'll try to check it out.