Rethinking the Art Business: How Restructuring Can Save an Industry on the Brink
Rethinking the Art Business: How Restructuring Can Save an Industry on the Brink
By Marques Hardin
The art business, for all its glamour and spectacle, is in desperate need of a reset. At its core, it’s a machine built on beauty—but operating under a financial model that barely works. The old system—where galleries stretch to pay rent, advisors work unpaid hours, artists bear the brunt of risk, and collectors chase meaning in a sea of sameness—is unsustainable. Everyone is playing every role except their own. It’s time for a restructuring.
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