Writing in the New York Times, Roberta Smith looks at the current state of the art market after the arrival of the ‘correction’ forced by the economic environment. The article from the Times’ art critic is a pretty blunt goodbye to the past. She says that after an era where art and artists played engaged roles in society, the future of art and its market will be smaller, leaner and cleaner:

We seem to have failed the too-much-money test, according to those who habitually reprimand the art world as money mad. The oughties will soon be the new ’80s, disdained for rampant excess…

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