Morton is quite correct.

Salander-O’Reilly was a truly admirable gallery. However its downfall came from involving itself with the old master market, for which enterprise it hadn’t the experience, capital or sufficient clients–then stealing from people to make up the difference. A simple case of poor business judgment and practice. A bad example to offer in support of [the tiresome] “decline of culture” argument.

It is natural, as it has always been on the art market, that the hottest moderns and contemporaries, meretricious or not, bring supercharged prices.

I think we must leave to posterity final judgment about Andy Warhol or any other recent artist.