Chomp! Post-COVID reality just took a big bite out of the art market.
Some see the falling prices as a much-needed reset, a return to the real. But is the art market still fun if it’s rational? Yes… if you’re a buyer. All of a sudden, if you are a collector, an investor, or a semi-pro combination of the two, now is the time to be choosy and strike bargains—especially, perhaps, in the ultra-contemporary sector of young art that, after getting supernova-hot over the past two years, has now seen public prices fall by more than a quarter.
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