Another month, another book on the contemporary art economy, this time from an overlooked perspective. The New Economy of Art, a joint publication by DACS and Artquest, looks at the art market from the POV of the average artist. Not surprisingly, it finds plenty to puzzle over. […]

What is the difference between a line of black limousines at a Mob funeral in Brooklyn and an identical cavalcade at the opening party of the new Serpentine Gallery annexe in Hyde Park? Well, not as much as you’d think. Although Cosa Nostra are undoubtedly the subtler of the two coteries represented, both have a common interest in protection rackets. […]