Guyton \ Walker at Greene Naftali Gallery, Chelsea, New York © 2006 Andrew Russeth | Flickr
Arts & DesignCapitalismEssays

Emerging Artists and the New Spirit of Capitalism

Pointing to the avarice of the art world, to its entanglement with big money, is an old game. Concerns about the “corrupting influence” of the market are likely as old as the market itself, and are still voiced with some frequency. Two years ago critic and art world bad boy Dave Hickey apparently gave up the whole thing in disgust, dismissing the entire art world as “stupid and nasty.” More recently David Bryne caused a surprising ripple of ire by describing how the big money of the Chelsea art scene was making it difficult for him to give the work itself a fair viewing. However, the issue of contemporary art’s relationship to capitalism is more complicated and thorny than being merely a matter of the staggering prices demanded at elite galleries. …

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