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Art As Refuge For The Uber-Rich

VISUAL Posted: May 18, 2020 1:02 pm

The shift to an almost purely commodified art world surely begins with the rise of the art dealer as influential trend-setter and arbiter of taste from the 1870s onwards; it has reached its apotheosis with the dealer-led commodification of contemporary art. Instead of reflecting institutional, social or aesthetic preoccupations, much of contemporary art is primarily a refuge for oligarchs’ money and a prestigious type of investment in a world where the global über-rich have more wealth than they can imagine outlets for. – The Critic

VISUAL Published: 05.20

Read the story in The Critic Published: 05.20

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