Le Deluge

NOLA ain't NYC, and we're holding up pretty well down here right now, but here's a perspective on the financial crisis and how it could affect NYC galleries. Quick re-cap: 10% of galleries in NYC could close, and sales at Art Basel "lackluster at best.". Reason to hope: sales haven't tanked, and there's still so much money floating around NYC and the US as a whole that even if the obscenely rich turn into the super rich, well, they're still super rich.