2min chapter

The Week in Art cover image

The art world in 2023: market predictions, big shows, museum openings

The Week in Art

CHAPTER

Is NFTs a Good Idea?

The freeze could have been the beginning of the end and that people are now seeking safety in more blue chip names. Many artists, for no fault of their own, are caught up in this market. I really hate that aspect of it because there are well-meaning artists who are making actually really interesting work who are going to get hurt by this. Their markets are going to fall off. And the art market can be brutal at times like this, kind of. It's a real concern for these young artists. Many of them sort of in their 20s. They're very concerned about those auction records. This is where their dealers become such an integral part of their career to try and protect

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