Felix Salmon

Art as a game

April 27, 2011

Adam Lindemann and Amalia Dayan make a great couple: they’re both immersed in the upper reaches of the art market, with Adam mostly buying and Amalia mostly selling. I spoke to them at the Artelligence conference — an entire event devoted to the dubious concept of “art as an asset class” — after they presented a slideshow of works which were sold at auction in 1973 and which are worth lots of money today.

Where does value lie in a restaurant meal?

April 26, 2011

Joshua David Stein, reviewing Chef’s Table in October on the strength of one visit where he spent his own money, was very unhappy about the restaurant’s rules and how they’re enforced. And now NYT restaurant critic Sam Sifton has delivered his magisterial verdict — not only on the restaurant, but also on Stein:


April 26, 2011

The economics of modeling for Elite Models in Paris — Dis

National Geographic buys Scienceblogs — Retraction Watch (see also Pharyngula)

Why analysts hate putting out sell ratings

April 25, 2011

Herb Greenberg kicked off an interesting discussion today when he said that it took “a lot of guts” for Wedbush Morgan analyst Michael Pachter to go on CNBC today with his bearish view on Netflix, ahead of its earnings announcement this afternoon. David Wilkerson has the details of Pachter’s analysis, complete with the context:

The tiny cat-bond market

April 25, 2011

BusinessWeek‘s article on catastrophe bonds’ performance in the wake of the Japanese earthquake reveals, I think, a lot of the miscomprehensions about this market.


April 25, 2011

An aerial-photography history of Chicago, 1985 to 2010 — Chicago Tribune

Burkhard Bilger’s profile of David Eagleman is one of the great magazine articles of all time — TNY


April 22, 2011

Texas Governor Declares Weekend of Prayer for Rain. For real — Texas Tribune

My bet with John Gapper on the NYT paywall — Tumblr

Peter Hessler has the definitive take on Mortenson. Kristof, by contrast, looks silly — TNY, NYT

The Awl vs HuffPo

April 21, 2011

The Awl’s David Cho has an interesting post on web publishing today:

There‚Äôs a trend on the internet now to talk about how great you are…

The current rules in place to win at having a New York internet publishing entity are stupid and wrong, both in terms of perceived and actual success…

The option value of not drilling for oil

April 20, 2011

NYU Law School’s Institute for Policy Integrity has an important paper out today, explaining that the US is using a crazy system to determine whether to allow offshore oil drilling.