iOS app Android app

Art Price

Collecting Art: Philanthropy or Self-Glorification?

Olivier Berggruen | Posted 08.16.2014 | World
Olivier Berggruen

The last few years have ushered in a new era in the craze for contemporary art, with prices reaching such dizzying heights that many feel inclined to predict its collapse. Yet, the bubble shows no sign of bursting. Art buying has become the favorite playground of a super-rich elite isolated from the economic realities that shape the lives of most humans.