Supply is Not Going to Decrease (So It’s Time to Think About Curating) « Art Works:
I take the view that, whatever the merits might be of reducing supply, there is virtually nothing anyone—funders included—can do to actually make it happen. For one thing, conversation about supply and demand breaks down a bit when the suppliers have an intrinsic motivation to be in the marketplace. Classical economic models assume that suppliers don’t have any particular emotional attachment what they’re supplying—all they really want to do is to make money. As a result, if they’re not making money, they’ll exit the industry, leaving more to go around for everyone else. As we see from Kirk Lynn’s contribution to the discussion, however, many artists (especially artist-entrepreneurs) have far too much passion for their work to consider exiting solely for financial reasons. The result of this lack of exit is a surfeit of fantastic art that few aside from its creators have time to take in.