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“The secondary market is the colossus that is drowning the art baby,” says Christian Viveros-Faune, a former dealer at the now-defunct gallery Roebling Hall, and now an art critic with the Village Voice and other publications. “The Ponzi scheme is getting ever more obvious. This is a perfect illustration of this. That work is not worth that money. It’s worth it if the main players in that scheme will buy and sell it back and forth and make it worth that money. The fact that auction results are driving the bus now is significant and problematic.”

Jacob Kassay artinfo article

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