Buble theory vs. evidence? Munch, Picasso and third-party guarantees.

"But given the major role played by third-party guarantees and irrevocable bids at this month’s major modern and contemporary art auctions, I now think that the bubble-pundits may be on to something".

Interesting reflections on the current art market by CULTUREGRRL (Lee Rosenbaum). Both witty and a good outside view into the 1% society that belongs to icons of art and their wealthy buyers.