Angelo Paolucci, who curated the show, has defended the decision, saying it was of value to scholars and gave homage to a notable figure in the collecting world. QXL links with AntiqueStreet.co.uk Britain s online auctioneer QXL is adding a link to AntiqueStreet, a site which enables small dealers to have their own website offering art and antiques. As the world is talking about recession, The Art Newspaper has focussed on New York. Dealers tell us what they think a slump will be like this time. We are seeing a collapse of the bubble stock market, but this is not in and of itself harmful.
Bubbles are more frightening than corrections, which are ultimately healthy and necessary.
The art market, like real estate, tends to respond relatively slowly to economic changes. People with money will always have money, but there is a psychological factor involved. Even if people have only lost money on paper, at the moment they don't feel so rich. Personally, my business is affected less by the stock market than by the high dollar, which makes sales to Europeans more difficult. One area in which we are doing well is Outsider Art.