Artists and collectors turn on each other as the fallout of the Artforum letter continues. On both sides are those who would prefer the other be seen and not heard.
David Velasco was fired by Penske Media, which owns Artforum, Artnews, and Art in America, over a letter calling for an end to Israel’s air raids on Gaza.
When demand outstrips supply, there is huge money to be made by “flipping” the practice of buying low from the artist’s gallery and reselling high at auction.