Despite the hype and high-profile exceptions, the contemporary art market is unsustainable and unlikely to offer long-term rewards, says Ivan Lindsay Although the contemporary art market appears to continue its breathtaking ascent, with ever more outrageous prices paid for art on which the paint has only just dried, a close analysis of the recent sales
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As the art market catches up with financial markets, boom is turning to bust and contemporary is starting to look like history, says Ivan Lindsay Damien Hirst said, “I just wanted to find out where the boundaries were. I’ve found out there aren’t any. I wanted to be stopped but no one will stop me.”
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