A new study from UBS shows that nearly half (47%) of all American art museums focus on the top 4% of contemporary artists. Commercial art galleries are less biased, with only 23% focused on the top 4%. Nonetheless, that means 96% of artists—the "emerging" ones—have little chance...

The British art critic David Sylvester asked AbEx painter Willem de Kooning in 1960 whether painted forms should be recognizable. De Kooning replied that painted forms "ought to have an emotion of a concrete experience." Today we'd more likely say that painted forms should convey how they...