A Bubble That Can’t Burst (And That’s Okay): Peter Schjeldahl On Today’s Art Market

“Today’s art craze is baked into the global economy – not a local cyclone but a climate change caused by belching emissions of excess money that won’t stop while the carbon of present mega-wealth holds out. That is, art prices can crash only as one piddling consequence of a planetary catastrophe. … Sensing that people will one day look back on this era as a freakish episode in cultural history, why not get a head start on viewing it that way? Detach and marvel.”