No More Glitzy Art?

IS GLITZY ART ON THE WAY OUT?

Prices aren’t the only thing different about the art on offer at ABMB [Art Basel Miami Beach] this year: tough economic conditions have also influenced what many dealers have brought and what many collectors are buying. Eventually, the times may also affect what art is made. In a word-or a few-big, glitzy, high-cost art is out, replaced by smaller, less showy works that don’t require artists or dealers to take out a mortgage to produce, or collectors to build showcase museums to display their treasures. ArtNewspaper

Wow?! Imagine a world without diamond encrusted skulls or gigantic installations requiring their own museum. Hmm. What might the new art look like? Perhaps, old art?