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A Gilded Recovery? the Global Art Market after the Financial Crisis

By: Kim, Grace | Yale Economic Review, Winter 2010 | Article details

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A Gilded Recovery? the Global Art Market after the Financial Crisis


Kim, Grace, Yale Economic Review


WE ARE ALL FAMLIAR WITH the image of starving artists; even Michelangelo is known to have "slept in his clothes and boots." Van Gogh did not sel a single painting in his lifetime. Although Hollywood continues to perpetuate the image of starving artists, in reality, with celebrity7 artists such as Andy Warhol and Damien Hirst, they seem to be a dying species. Economic success is no longer something that the artistic geniuses are denied, but rather the very mark of their artistic genius. WeI - at least before the financial crisis. With faith in capitalism shaken at its core,, we might expect starving artists to make a come back. But will they?

In their book, The Winner-Take- AH …

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