Quote by Jerry Saltz

Auction houses run a rigged game. They know exactly how many people will be bidding on a work and exactly who they are. In a gallery, works of art need only one person who wants to pay for them.

Auction houses run a rigged game. They know exactly how many

Summary

The quote suggests that auction houses have an advantage as they control the bidding process, allowing them to manipulate the number and identity of bidders. Unlike galleries where the worth of an artwork is determined by just one interested buyer, auction houses operate in a competitive environment. This implies that auction houses may have an inherent bias towards maximizing profits rather than solely promoting the value and appreciation of art. The statement criticizes the potentially flawed nature of auction house practices in comparison to the more individualized and organic process of selling art in galleries.

Topics

Art

By Jerry Saltz

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