Panel Debates Artworld's Future Amid Market Hyperinflation and Gallery Consolidation

In January 2013, London's ICA hosted a panel discussion named 'The End of the Artworld...?', led by moderator Gregor Muir. The event featured insights from Georgina Adam, James Mayor, and Danielle Horn, who examined various crises affecting the art market. They highlighted issues such as hyperinflation, the surge of megagalleries and art fairs, and the struggles faced by middle-market galleries. The departure of notable artists like Damien Hirst and Yayoi Kusama from Larry Gagosian was mentioned. The panel also pointed out a crisis in art criticism, with critics exiting the field due to industry challenges. They noted the global trend of top galleries consolidating, which has marginalized smaller galleries and raised questions about the future of art criticism.