ArtNews: Go Pro: The Hyper-Professionalization of the Emerging Artist
"Understandably, they approach their new interest in high-yield contemporary art with the same sharp business acumen that they have brought to their other investments. To this end, services like ArtRank have sprung up. ArtRank claims to offer charts “quantifying the emerging art market” by declaring which artists are worth buying under price points of $10,000, $30,000, and $100,000; who to sell because their prices are peaking; and which names can be classified as “early blue chip” or “undervalued blue chip.” This company’s quarterly published projections purport to allow speculators to “collect smarter” by making informed purchasing decisions about emerging markets."
Read the whole story by Daniel S. Palmer at ArtNews