In the New York Times today, Carol Vogel writes about the starry Manhattan art auctions coming up in May. These sales have been widely noted because the offerings include a cache of Donald Judd works from the Judd Foundation, an iconic Van Gogh, an early hand-painted Warhol soup can, and other significant works.
Vogel’s article includes two quotes that made me laugh (darkly) because they nail the market mindset these days. A representative from Christie’s described the current art market as “majestic.” Perhaps the next level will be…Titanic.? A representative of Phillips said, “People are inspired by the recent high prices.” Show of hands—do you feel inspired?