I’ve immersed myself lately in reading about the decline or end of capitalism as background for the first essay in An Ouroboros: Art, Money, and Entrepreneurial Action. Last night, it was with some excitement that I had an opportunity to explain the theme of the essay and the book to Adam Horowitz, founder and “Chief Instigator” of US Department of Arts and Culture (not a government agency): “it’s about the place of the artist in what is becoming a post-capitalist society.” Ten minutes later came the text alert from the New York Times: Jean-Michel Basquiat’s “Untitled” had sold at auction for $110.5M. Oh, the irony. I guess capitalism is not dead. Yet.
(Image of collector and capitalist Yusaku Maezawa with Basquiat’s “Untitled” from Maezawa’s Instagram feed; appropriated.)