"Unsurprisingly, the Emerging Contemporary bubble crested right when the crypto bubble began. Indirectly, they are linked. The ideal work of art – which is still, of course, a painting – was dematerialised into an itemised list of insurance liabilities, entombed in a climate-controlled deluxe freeport, as capital demanded it behave more and more like a fungible unit of information. Around the same time, art market “disruptors” began asking themselves, “What if collecting contemporary art needn’t be exciting or sexy at all?""

– This text appears in Spike Art Quarterly #57 . You can buy it in our online shop