The Easel

Has the Art Market Reached a Stage of End-Game Nihilism? Kenny Schachter on New York’s $2 Billion Auctions

New York’s November art auctions raised a phenomenal $2bn. This knowledgeable writer details some goings-on. He admits that the huge numbers, the high octane gossip, the sheer excess, can be depressing. “The spiritual content of art is veering to the calibre of profundity of the local brand of toilet paper. Maybe a backlash will soon be underway—I can only hope.”