Why a downturn could be healthy for the art market
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The art market is in somewhat of a funk right now. Auction houses are reporting that demand for new pieces of art has dipped recently, partly due to external conditions like higher interest rates. While the downturn upends years of strong sales, art critic Blake Gopnik argues that a correction may ultimately benefit the long-run fortunes of artists. And, a look inside the Justice Department’s reported case against Visa over monopoly claims in the debit card market.
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