Art Market Watch
SPEED! MONEY AND THE GLOBAL ART MARKET
by Piroschka Dossi
is a synonym for velocity and the slang term for amphetamine, a drug creating an ecstatic illusion of rapidity and efficacy. Money, which plays an increasingly important role in the dynamics of the global art market, has a similar effect. Money dynamizes and accelerates the art market -- not just temporarily but structurally. What are the effects on competition? And how do these affect art itself?