Prices for contemporary art have soared in the past year. Collectors are paying huge prices for art that only a few years ago was inexpensive. “Bubble? Did someone say bubble? In talking to over a dozen contemporary art world leaders, I heard wildly differing opinions as to whether one exists. Not everyone sees imminent danger, particularly those sellers currently managing the enviable problems of swelling client waiting lists and packed auction houses. From where I sit, though, a bubble looks real. When will it pop? Who knows?”