Month: May 2005



The Business of Art: What Happens When the Bubble Bursts?

Collectors at the Armory Show (2005). Photo: Nick Stillman Although the US economy has remained stagnant throughout the last several years, the market for contemporary art is booming. What accounts for this upturn, and will the art market crash like the dot-com stocks did in 2000? Even the best professionals find it impossible to time the market. George…