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<title><![CDATA[Falling For The Picasso Hype?]]></title>
<link>http://www.sgallery.net/artnews/2006/07/06/falling-for-the-picasso-hype.html</link>
<description><![CDATA[Christie&#39s has been hyping the sale of an expensive Picasso owned by Andrew Lloyd Webber. But maybe it&#39s not a very good Picasso. &quot;Lloyd Webber recently suggested to Bloomberg that his sale announcement would be &#39the biggest news in the art market in 30 years.&#39 Why does it matter if someone actually falls for such hype? After all, the proceeds will reportedly go to a good cause the education of young performers. The problem is that feverish prices pose a threat to the longterm health of the art market. The acquisition of lesser works for exorbitant amounts is the art trade&#39s version of &#39irrational exuberance.&#39 It can only set the stage for the next correction.]]></description>
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