These changes are symptomatic of several wider cultural shifts that, in combination with rising costs and declining public funding, are 'squeezing' the low-to-mid end of the market: the rise of a global elite, art fairs, 'mega-galleries' and the commodification of art as the sector became more closely intertwined with fashion, celebrity culture and advertising. " […]
SOURCE: ArtsJournal at 05:06PM on November 19, 2019