c. 1960...

"The present state of the art market is disturbing to artists and others. The extraordinary prices paid for contemporary and older art seem pathological. Any abnormality creates uneasiness and questioning. If prices represent intrinsic value, it's hard to reconcile $100,000 for a Blue Period Picasso or $80,000 for an Andrew Wyeth with prices once paid for a Rembrandt; or with prices recently paid for the greatest modern masters. It suggests insincerity, speculation, and the tri- partite play of self- interest, pecuniary interests, and social status in the acquisition of art. Moreover, the presence of these acquisitive interests in the market affects museums, the general public, and artists. The market was never innocent in its judgment of art, but this new awareness of art as a precious speculative commodity now corrupts all awareness of art. The knowledge of prices and possible gain through art enters into common perception of art. It also makes artists keenly aware of sales price as a measure of value. Attached now to the speculative market in increasing dependence, art becomes also an object of intense publicity. The literature of art assumes a new banality and a striving for public attention. There is a new and distasteful aesthetic of art propaganda.

There has been a change in the catalogues of shows of dealers and museums in the fullness of biographies and the cunning selection and suggestiveness of items- the list of exhibitions, owners, reviews, articles, and books, the dossier of the artist as an advertisement..."

Schapiro, M. (1993). Worldview in Painting- Art and Society. New York, NY: George Braziller, Inc. p. 202