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This commentary by Marion Maneker is available to AMMpro subscribers. (The first month of AMMpro is free and subscribers are welcome to sign up for the first month and cancel before they are billed.)

Is the State of the Art Market So Grim?

Devin Leonard watched the upcoming art market documentary, The Price of Everything and came to an unusual conclusion:

• “[I]s the state of the contemporary art world really so grim? If you look around at some of the other fine arts—classical music, jazz, and poetry—they’re struggling to survive and maintain their relevance. It’s not that the work is no longer good; people just don’t spend enough on it. Contemporary art faces the opposite issue. It’s awash in money, and the high prices keep it in the headlines—stoking the public fascination required for the art form itself to prosper. Money isn’t killing contemporary art; it’s keeping it alive.”