What an unusual auction says about the art market
Poking fun at status-obsessed buyers
Penny pinch, a Chicago street artist, likes to have fun with art-world finances. His work—from murals to paintings to tote bags made in collaboration with the Chicago Cubs baseball team—uses scavenged or donated materials (hence the name). His latest experiment, hosted at A Very Serious Gallery, in the city’s north-west, is in pricing.
This article appeared in the Finance & economics section of the print edition under the headline “Going Dutch”
Finance & economics December 17th 2022
- How the West fell out of love with economic growth
- The game is up for Sam Bankman-Fried
- America’s inflation fever may be breaking at last
- What an unusual auction says about the art market
- Europe looks increasingly complacent about the winter ahead
- The struggle to put a carbon price on a flight
- The insidious threats to central-bank independence
From the December 17th 2022 edition
Discover stories from this section and more in the list of contents
Explore the editionMore from Finance & economics
Europe could be torn apart by new divisions
The continent is at its most vulnerable in decades
How corporate bonds fell out of fashion
The market is at its hottest in years—and a shadow of its former self
An American purchase of Greenland could be the deal of the century
The economics of buying new territory
China’s markets take a fresh beating
Authorities have responded by bossing around investors
Can America’s economy cope with mass deportations?
Production slowdowns, more imports and pricier housing could follow
Would an artificial-intelligence bubble be so bad?
A new book by Byrne Hobart and Tobias Huber argues there are advantages to financial mania