WRONGWROKS BLOG

While Tokyo has grown in its number of art galleries and museums, the art scene in Europe, United States and yes, China…continues to explode. The social status of artists, galleries, curators and new moneyed collectors is at an all time high and the buzz about money fills the air. Even for those who are cynical, the air is intoxicating. From L.A. to N.Y. to Miami the only thing higher than the money is the hype.

So where will this lead us? Are we witnessing an art bubble? If so, will it burst? New York Magazine featured a report on the white hot art movement. “Has Money Ruined Art?” by Jerry Saltz in the Oct. 25th issue, outlining the art phenomenon and cautioning us on the ramifications of such a boom.
One of my favorite quotes by the writer is about student artwork selling for $25,000. Saltz proclaims, …”the MFA is the new MBA.”

-John C. Jay – Creative Director of W+K . 

The Dec. 2nd issue of the New York Times style magazine, “T” focuses the entire issue on art and the incredible social and commercial power of the business of art.

read the entire story here.

well lets hope its not really an internet bubble.