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The Art Market is Ready to Crash. Or Not.

Trend: predicting doom and bust in the art market, as the auction season is nigh. Slate asks why the art press seems to be "rooting for" disaster: "You don't usually see writers who cover, say, the price of wheat rooting for its decline. Are [they] trying to will the art market into failure? Probably not: They're more concerned with competitive pressures. Everyone wants to be the first to identify the next crash." [Slate]

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