The Perpetual Struggle of Artists in Economic Cycles

🎨 When Galleries Cry Wolf

By CryptoMutts
Jun 30, 2025, 4:09 PM
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Art critic Kenny Schachter addresses the recurring narrative of gallery struggles during economic downturns, referencing Roberta Smith's 1992 NYT article about gallery closures.​ He argues that while media focuses on struggling galleries and high-profile artists with declining prices, the persistent challenges of working artists often go unnoticed.​

Key points:

  • Economic cycles consistently impact the art market
  • Gallery struggles receive disproportionate attention
  • Artists face ongoing challenges regardless of market conditions
  • High-profile artists' price corrections often permanent

The discussion explores survival strategies for artists during both market downturns and upswings.​

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