Over at Parcours, they talk with Louis Lacerte about the “art market.” Unfortunately he trots out the same old tired cliches that have been around since time immemorial.
If you really want to learn about the “art market” I’d strongly suggest reading the following websites:
Illicit Cultural Property
Skate’s Art Investment Review
The Art Newspaper
And then getting out and visiting as many galleries and auction houses as you can.