Art Market Illness

I have been following the Facebook/Twitter posts of art critic Jerry Saltz for several months now.  He is one of the only critics I like because he speaks very bluntly about art topics as he sees them himself.  He doesn't appear to be on the same Art World Bandwagon as many of his contemporaries.  Well, today he posted this story about Art Flippers.  The article draws comparisons between today's frantic art market(only the biggest names, mind you) and financial bubble.  What do you think of the hysteria?  I think it's an old institution's last gasp.