IT WAS THE BEST OF TIMES?

Record profits and good times defined the past few years in the art auction business. But the prosperity might have been an unsustainable illusion for auction giants Sotheby’s and Christie’s. “Their old-money monopoly on taste had been unraveling for years, as the Internet began to make buying-by-bid both digital and – gasp – democratic.” – New York Magazine

MEET THE POVERTY ELITE

They can barely afford bus fare. But “the junior stylists, assistant editors, associate marketing managers, and assorted other aspiring media executives, mostly middle-class and private-college-educated, spend their days greasing the wheels of Manhattan’s entertainment-industrial complex.” Their salaries are real-world modest, forcing ingenuity in their personal budgets. But they “spend their nights at Pastis, wrapped in trade-price Burberry scarves, chatting on loaner StarTACs, or in clients’ courtside Knicks seats drinking expensed Bud Lights,” all courtesy of the clients trying to woo their favors. – New York Magazine

FEAR OF FORM

“Sophisticated gallery-goers are now armored gallery-goers, afraid of trusting their instincts. Worse yet, they are afraid of their conflicting instincts–of their wish for some clarity of form, and then for something else. Yet what is wrong with asking artists for layers, for ambiguities? If we are afraid to ask artists for anything much, this may be because we are worried about getting in too deep, about being forced to revise our ideas. By now there is an unwillingness to think about underlying issues – about factors that run through all art. This unwillingness casts a pall over gallery-going.” – The New Republic

ARBITER OF TASTE

In our still-glowing economy, where technology-crazed consumers are snapping up purple iMac’s and falling for bubbled cars, high style design is no longer just for the elite. “Where design used to be considered vaguely precious, the province of the Sub-Zero-refrigerator-owning elite, it’s now available to all – from the crowd that shops at Target to those aesthetes who can pick out an Enzo Mari from 20 paces.”  Pardon me, but what is the definition of “high style” these days, anyway? Time

PROTEST ART

More than 1,500 demonstrators have shown up to protest an exhibit of contemporary portraits of Ho Chi Minh. Surprisingly, the colorful collages are the work of a former U.S. serviceman who says “we need to take a closer look” at the late North Vietnamese leader’s legacy. The growing throngs outside the Oakland, CA gallery – including many Vietnamese who fled N. Vietnam during the war and a strong showing of U.S. vets – have “called him a mass murderer. They’ve denounced him as a ‘lewd monster.’ But by the hundreds, demonstrators have made it clear that there’s one thing Ho Chi Minh shouldn’t be: art.” – CNN

MASTER CLASS

The world’s greatest art fair is underway in the Dutch town of Maastricht. This is the place for Old Master paintings. “About two-thirds of the world’s currently available supply of Dutch and Flemish Old Masters are for sale under a single roof, an irresistible magnet for collectors from all over the world.” But this year the fair is trying to widen its horizons, and a record number of dealers of 20th Century art are on hand. – The Telegraph (UK)