“Art has always been a cyclical market. This is hardly surprising: the products may be beautiful, but can rarely be considered essential and are often driven by fickle taste. According to art-sales-index.com, the value of paintings sold peaked in 1990 at $4.5 billion dollars. From there, economies around Europe and America shrank by less than one percent, but art sales collapsed to less than $1.5 billion in less than two years.” So what’s driving today’s prices? – The Art Newspaper