The Financial Times provides More evidence that the art market is bananas: "We didn’t need somebody to buy a banana for $120,000 to tell us that art collectors frequently have more money than sense. Such “ready-made” japes have been causing controversy since Marcel Duchamp first proposed his urinal over a century ago. But there is something about the timing of this furore — which saw collectors shell out $120,000 for editions of a banana, entitled “Comedian”, duct-taped to a wall by Italian artist Maurizio Cattelan at Art Basel Miami Beach — that feels particularly distasteful."
Art Quote of the Day
Friday, December 27, 2019
Has the Art Market Lost its Mind?
The Financial Times provides More evidence that the art market is bananas: "We didn’t need somebody to buy a banana for $120,000 to tell us that art collectors frequently have more money than sense. Such “ready-made” japes have been causing controversy since Marcel Duchamp first proposed his urinal over a century ago. But there is something about the timing of this furore — which saw collectors shell out $120,000 for editions of a banana, entitled “Comedian”, duct-taped to a wall by Italian artist Maurizio Cattelan at Art Basel Miami Beach — that feels particularly distasteful."
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