Is The Art Market Due For A Correction?

This spring’s art auction boom has been an undeniably wild ride, with records being set seemingly every time an auctioneer’s gavel falls. But “privately, many are saying of the current auction boom that price is not always a reflection of quality. With records being set so frequently, people are also beginning to wonder whether the bubble will burst — as it did in the early ’90s — and whether the current market is sustainable.”