The New York Sun cheers rising art prices:
"We think growing valuations in the art world are a healthy thing for New York City, which is the artistic capital of America. The high prices enrich artists and gallery owners and shrewd collectors, few to none of whom are 'royalty,' in the sense of vast, generations-long inherited wealth of the sort seen in Europe. ... What the art world boom exemplifies is not a concentration of wealth or royalty but social mobility. It is something to cheer, not to bemoan."
