My impression is that the whole 'contemporary art market' is a nexus of the rich and a very small group of people that decide "good art".. at best it's speculat

My impression is that the whole 'contemporary art market' is a nexus of the rich and a very small group of people that decide "good art".. at best it's speculative investment and at worst a front for money laundering.. Happy if someone with real insight in the industry can share their thoughts..