I've discovered over the last several months that gallery owners are a sensitive lot. I use to think artists owned the market on insecurity (justifiably so) but I now believe gallerists own the title. No wonder artists and gallery people have a hard time getting along. The battle of insecurities.
It seems the Smart Money is starting to take a closer look at the market and that means the swing will move back to the established artist. which really means everything Will start slowing. The sheep will eventually catch up with the smart money.
MAO is probably a great financial whiz but I think he's wrong on this one. The market is going to crash. I thought it would happen sooner but what do I know....other than it is going to happen. How many more spaces can open in Culver City??
As far as my own buying goes. It's pretty much on hold. Too much froth and noise and too many people drinking the Kool Aid. I've pretty much decided to support local artists and local non-commercial spaces that could use the help. Although an Alec Soth Niagara piece is tempting.
Maybe that's why all these gallery folk can't take a F*&^ing joke. They sense it too...