Peter Schjeldahl had some thoughts on the state of the art market earlier this week.
The Art Market Monitor wasn't impressed: "It’s always sad to see a smart and perceptive writer struggle with concepts that are unfamiliar and irrelevant to his work." Ed Winkleman had some thoughts here (check the comments too).
The Monitor also says "we’ve known the art market isn’t a bubble and won’t crash for five years now." On that point, Tim Schneider disagrees.