The NFT Hangover Isn’t Over. It’s Just Quieter.
The crypto-native art market has not died. It has been absorbed into an older conversation about digital scarcity — and its prices reflect that demotion.
The Death of Flipping Has Been Announced Before. This Time Is Actually Different.
Lockups, resale rights, and dealer blacklists have made the short-hold trade structurally uneconomic. The market is finally rewriting the incentives.
The Koons Paradox: The Most Famous Artist Almost Nobody Wants to Hold
Jeff Koons remains a household name and a collector punchline. We audit the numbers behind a career that looks triumphant and trades like a cautionary tale.
Museums Will Buy Less. That’s the Story of the Next Five Years.
Acquisition budgets are flat, fundraising is soft, and deaccession pressure is rising. Institutions are about to stop being the buyer of last resort.
Peter Doig Has Always Been Strange Money. That’s Partly the Point.
A disciplined look at Peter Doig’s auction record, why his best years were 2007 and 2017, and what a realistic hold period on a Doig looks like in 2026.
Why Most Art Is a Bad Investment (and Why That’s Fine)
Survivorship bias is the dominant distortion in every art-investment conversation. Here’s what the graveyard actually looks like.
The Next Art Market Correction Is Already Happening. You’re Just Not Seeing It.
It doesn’t look like 2009. It looks like a slow, asymmetric widening of bid-ask that’s visible only if you watch withdrawn lots and buy-ins.
The Guarantee Machine: How Auction Houses Became Market Makers
Third-party guarantees have turned evening sales into structured products. That changes how you read hammer prices — and how you should price in risk.
KAWS, Audited: The Downgrade Everyone Saw Coming
The KAWS market did what a brand-driven market does. It scaled, then it softened. We look at where the floor might actually be — and whether there is one.