Today’s global art market is reminiscent of a roller coaster - even as it rotates and retrenches - the ride continues to propel, excite and surprise. With a tenfold increase in buyers over the last decade, unprecedented numbers of influencers are playing a part in work being made, seen and sold. Art has inextricably become dominated by the market. Private collectors on museum boards have become the new curators, driving acquisitions and dictating exhibition content. Advisors and dealers are conditioning the next “hot” artists, who in turn, capitulate to the feeding frenzy, churning out works only to be dropped when the next fad takes hold. Galleries prioritise and promote sales of commercial-friendly paintings, setting their sights on short-term gains while overlooking more genuine forms of artistic production. Or is this just a cynic’s view, swayed by nostalgia for a time when artists, curators and critics were the only intellectual taste-makers? Record numbers are being measured not just in sales but...

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