Conspiring For Record Art Prices

“Art is not standard front page news, so astronomical prices, along with the death of the artist and, in Britain, a Turner Prize win, are one of the few ways that an artist can really hit the headlines. While the media increasingly confuse fame and notoriety with innovation and art historical importance, so many neophyte collectors seem to be happy ‘buying the price’, i.e. they conflate monetary worth with aesthetic and cultural value.”