«GOOD BUSINESS IS THE BEST ART»

What this means for the art market is simple: a steep drop in prices for the work of younger blue chip artists awash in inventory both present and future, and an expanding universe of price appreciation for the limited set of artworks created by those gone by. Savvy shows such as the late Picasso "Mosqueteros" at Gagosian Gallery and the recent Louise Nevelson retrospective at PaceWildenstein in Chelsea have already anticipated this trend, but there are many more possibilities, especially second tier AbExers like Cavallon, Kadish, Pavia, Joop Sanders and Mark Tobey; forgotten Color Field painters like Jack Bush, Larry Poons and Jules Olitski; and ‘60s Popsters such as George Sugarman and Larry Zox.  Even Jay Gorney has opened an Allan D'Acangelo show. If the supply is limited and the art tied to a historical movement, dealers’ pockets should soon fill with devalued bucks which they in turn will reinvest in inventory. Let the boom begin!

Artnet.com
April 6 2009