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My gut tels me that modern art is a bubble with no objective way to measure any aspect of it and the market price is artificially inflated by all sorts of actors with conflicting interests.

Have you read a good critic of moder art that you could recommend?

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'Duty Free Art' by Hito Steyerl might be of interest to you. It's largely about how artworks are used by the rich to store wealth in tax-free locations, and how that affects and distorts the art market more generally. Steyerl is an artist herself but her work is often critical of contemporary art practices and institutions.

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