But it wasn’t really until serious business journalists took note and came running to document the next hot market for High Net Worth Individuals that the art world took stock of its new situation. And what became clear to the more experimental, contrarian critical community was that what passes for fusion among uptown’s financial giants is uranium poisoning for everybody else.
Category: Culture
Damien Hirst: Jumping the Shark
Pricing fine art might seem like a preoccupation of the wealthy few, but it’s of interest to economists, who see it as a way to test fundamental questions about value. As Mugrabi points out, the market behaves in unusual ways: Demand for an artist’s work tends to rise as prices do, because the more expensive it becomes, the more status it confers. And while value is usually a function of scarcity, the opposite can be true for artists—some great ones, like Warhol and Picasso, left behind a prolific body of work. The most unpredictable thing about art’s valuation, though, is that it’s entirely in the eye of the beholder.
Before Sexting, There Was Polaroid
We will never know exactly who first figured out that using a Polaroid camera meant whatever happened in front of the lens never needed to be seen by a lab technician.
Fender Aims to Stay Plugged In
Fender, too, has had to contend with changing tastes and markets. Once it looked like the Pan Am of guitars, a storied name that might simply vanish.
Fashion Blogging Has a Transparency Problem
Bloggers often act alone, or in small teams, meaning that content decisions and business decisions are often made by the same people and true ‘church and state’ separation can be impractical to implement. Nonetheless, bloggers should strive to be more transparent and clearly distinguish between editorial and advertising.
Abnormal Capitalist 