Art As A Regulated Commodity: Get Ready New York

As the New York Times reports, regulators are concerned that art has become such a commodity that it should receive the "benefit" of regulatory oversight. 

Here is a blurb from the NYT:

As Art Sales Rise, So Do Oversight Worries

By ROBIN POGREBIN and KEVIN FLYNN

Some in the art world question the necessity of buyer protections, but others say monitoring has not kept pace with the increasing treatment of art as a commodity ...

 

Link to the full article (as per NYT website rules):  http://www.nytimes.com/2013/01/28/arts/design/as-art-market-rise-so-do-questions-of-oversight.html?hp&_r=0&gwh=6DDE66D3A853508E20188A02B785516D

 

What will this mean for art lovers and for the New York art-scene?  Stay tuned!