studiotwentysix2 the art + design of tom davie

Tuesday, December 16, 2008

Prospect


Here is an interesting article from the current issue of Prospect Magazine about the rise of Contemporary Art prices in recent years, and the subsequent deflation of the contemporary market.

Above is the work of Zhang Xiaogang, a well-known Chinese artist who saw his work appreciate from $1000 in 1999, to $6,000,000 in 2008 — which is great for him, but a crazy 6000% increase over a ten year period.

  • A Second Tulip Mania
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