Critical value and market value way out of whack? So what?

My column for the January-February issue of ArtReview. Read the whole issue for free here

The extreme mix of art and money that makes up a large part of the artworld has few defenders at the moment. After all, how can the values of art – which is supposed to be something good, exemplary or at least disruptive in a positive way – have got so entangled with the values of money, with the apparently evermore- venal culture of ostentatious luxury and financial chicanery that now seems to be the main driver of the international market for art? Read More