I recently came across an article that explained a fundamental element to the art world I was not taught in art school.
The article was published in The New York Times by Allison Schrager – Even the rich Aren’t rich enough for Jeff Koons.
The article high lights the decline of the smaller galleries that are seed beds for artists because of the 0.01 percent problem! The Billionaires, the art world is in a winner takes all market.
Artists need platforms to share there work within communities not just for the monetary value but for the relationship a piece of art can take on when in the public realm. And if the art world is only focused upon the Jeff Koons where will the next generation of artists break through if the seedling beds disappear.