Swanzy price much more than hype

“When a man marries his mistress, he creates a vacancy.” The principle behind James Goldsmith's famous bon mot can be applied to the art market.

As the monetary value of the (perceived) best works by the (perceived) best artists moves into the stratosphere, collectors cast their eye around for the new mistress, aka the next big thing. What is interesting is watching how the pendulum swings.

The surprise at de Vere's September sale ...