A photograph from David Wojnarowicz’s 1977-79 series
“Rimbaud in New York.”
Fales Library and Special Collections, New York University
The contemporary art market, with its abiding reputation for foggy deals and puffy values, is a vulnerable organism, traditionally hit early and hard by economic malaise. That’s what’s happening now. Sales are vaporizing. Careers are leaking air. Chelsea rents are due. The boom that was is no more.
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