Tag: recession



The Business of Art: Living in a State of Permanent Recession?

Pages from Lawrence Swan’s graphic novel in progress, “Art Bum Comix” We are in the midst of one of the worst economic recessions in living memory. As a result, there has been a great deal of talk about gallery closings and plummeting art market prices as the barometers of the economic affects on the art…

The Business of Art: An Art-Market Recession Report

The opening of 31GRAND’s space on the Lower East Side, July 2007 Since last fall, a fog of uncertainty has blanketed New York’s art world as galleries, artists, and collectors have tried to make sense of the current economic recession. While the economy was still in free-fall, New York Magazine critic Jerry Saltz predicted a dire economic future:…