Evan Beard: The Rapid Rise of Millennial Collectors Will Change How Art Is Bought and Sold

Evan Beard: The Rapid Rise of Millennial Collectors Will Change How Art Is Bought and Sold

Groucho Marx once said that he never wanted to belong to any club that would accept him as a member. I feel a similar skepticism about being part of a club I never asked to join. But my 1983 birth grants me membership in what demographers and marketers now call “millennials.” Like every generation, our predecessors say we’re spoiled and self-absorbed—Timemagazine dubbed us the “Me Me Me Generation.” A generous history may one day overlook our need for constant validation and safe spaces, but for now, the cliché of being over-parented, over-schooled, and over-protected isn’t completely off base.
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Goodbye Art World, Hello Art Industry: How the Art Market Has Transformed—Radically—Over the Past 30 Years

Goodbye Art World, Hello Art Industry: How the Art Market Has Transformed—Radically—Over the Past 30 Years

The scale and contours of today’s art world would have been largely inconceivable to dealers, auction-house professionals, and collectors 30 years ago. The business of the past has been replaced by a multibillion-dollar international industry. Tastes have changed; non-Western economies have emerged as essential forces; and what was once a quaint cottage industry has become surprisingly corporate.  Tim Schneider explores how this transformation has become possible (via artnet.com).
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