Friday, February 7, 2014

Art as investment: Flipping the hot young things

The commodification of art continues apace.
Kazakina's article asserts that with the rise of hot, young art stars like Oscar Murillo and Lucien Smith, whose prices have risen 3,000 percent in the last two years, more collectors are snapping up young artists for inflated amounts in hopes of flipping them. This new trend, she writes, "may be a sign that the contemporary art market is taking on characteristics of a financial bubble." (There's that word again!)

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