The Rise of the Speculative Bubble in Art

There's certainly among them there are billionaire collectors who have their own museums. But what we saw in the low interest rate environments of like say 2012 to really ending in 2015, there was a affluent upper middle class that was getting interested in art as a... Financial instrument. And then that's gone now? Well the money got too expensive. The markets, the speculative bubbles couldn't sustain for that long. It just allowed for a few years of a very dynamic art world and allowed people like me who have very different opinions than what would have been previously allowed into the professional art world.