Chapter 95 Chapter 17 The Avant-Garde Is Dead - Art After 1950

The idea that art can be an investment was new in the early 1950s. ——"The Economics of Taste" (G. Reitlinger, 1982, vol. 2, p. 14) The big-ticket items in the white line—refrigerators, electric stoves, and all the white magnets of yesteryear—the white things that used to drive our economy are now painted in pastels.This is a new phenomenon.And there are many ordinary artworks on the market to match them.very good stuff.You open the refrigerator to get orange juice, and Mandrake the Magician walks down from the wall to watch you. ——Street Divided: America (Studs Terkel, 1967, p. 217)