... Why the art world is a disaster.
The presence of money means the presence of “society,” which goes a long way toward explaining why yesterday’s philistine is today’s champion of anything and everything that presents itself as art, no matter how repulsive it may be. If tout le monde is going to an opening for Matthew Barney at the Guggenheim, you can bet your bottom black tie that the nice lady next door who gave MOMA $10 million will be there, too.
In other words, the bourgeoisie - which never really cared about art anyway - has long since bought off the avant-garde - which was never really about art qua art.
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