La vita è un caos con poche oasi e qualche momento comico. W.A.

While the American economy id dealing with one of the, probalby, bigger crisis of the past 150 years, art faces the consequences.

An recent article by Katya Kazakina -  a little bit too essential and not exhaustive – points out one of the visible effects of the crisis transferred into art collecting. I am not so sure that the compartment will suffer the events extensively but surely the general trembling certanity od American economy it is having certain evidences.

Art collecting, after all, is a luxury that charm the higer-up society that are differently interested by the crisis.  The issue is then to be referred most to those art lovers that do not handle the crazy sums contemporary art “masters” have achieved. And buy supposed prospective art-superstars for few thousands dollars not mostly as an investments but rather because “they like that piece.”  This goes under the a  cultural model that is not used to the concept of saving. (But in front of the recent events, what good is saving?)
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Update: October 8th, 2008
There are no good news for contemporary art collectors recently. Andrew Davies of the Royal Institution of Chartered Surveyors underlines how “The contemporary art sector has rocketed over the past few years, with a sudden correction now a strong possibility.” – Report by Simon Bowers published on the Guardian.