Art Market Monitor

Artnet has posted its Basel Preview with this lede: “In 2007, when Art 38 Basel coincided with the 52nd Venice Biennale and Documenta 12, many observers noted that the commercial art festival outshone its scholarly cousins, in terms of both the blue chip art on view and the new art being shown. Art dealers and the art market bested art curators and government art institutions. In a politically liberal art world, it seemed like a contrarian triumph of capital.”

Granted, Artnet is biased toward the market, but could it be that market is an efficient mechanism for bringing out the best art?

Also of Interest:

• Art Before the Market
  Out on the floor at Art Basel there’s talk about art for art’s sake: ”Surely, everyone is worried about similar...
  
• Basel Sightings
  Celebrities, Oligarchs and Art Stars All Vying for Attention The art press brings us inside Art Basel 39: From Auction...
  
• Market Timing Miami
  The Miami Herald is getting a little extra excited about ArtBasel next week. They polled a few market watchers to...
  
• Are There Art Market Leading Indicators?
  There’s been a lot of talk about the art market this last week. The Financial Times went as far as...
  
• Rich Rhymes with Kitsch
  Artnet‘s resident scribe, Walter Robinson, lets loose on the vulgar rich. In the process, he tells us an interesting fact....