Has the Market for ‘Zombie Formalists’ Evaporated?

“No one wants to be a market darling,” an art dealer once told me. It’s the art world equivalent of a one-hit wonder, where sudden stardom and outsize demand for a particularly hot artist creates intense pressure, and has the potential to create unsustainable spikes in his or her market and career. Notwithstanding the fact that the […]

Hot New Artists, Getting Hotter

If the market for contemporary art is in danger of overheating, the first canary in the coal mine will surely be those fashionable young artists whose prices have been driven up by speculators over the past few years. Midseason auctions of affordable works by emerging names are telling temperature gauges for the contemporary market. Phillips’s […]