The term “art world” was coined in the mid-1960s by Arthur Coleman Danto, the influential American critic and pioneer of art theory who died in October 2013. Unlike the traditional art of representation, which sought to manifest the power and
"This is a disillusioning picture – which is not necessarily a bad thing. Art is a mirror of society. Every era gets the art it deserves. We see professional dealmakers, speculators, seduced collectors and exhausted artists. Today’s art system involves many diverse forms of dependency and manipulation, all the way down to the level of the tabloid."