What do we hate when we hate the art market?

Jonathan T.D. Neil, from the September 2013 issue

By Jonathan T.D. Neil

Why does the artworld hate the art market today? For most, the fear and loathing begins and ends with the major auctions, which means the modern and contemporary art auctions that are held by the two (sometimes three, if you count Phillips) ‘big houses’. Yes, the accelerated art fair circuit makes many wince, but for sheer numbers, try this on: since the beginning of the year, the New York and London sales of these categories at Sotheby’s and Christie’s have…

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