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The art world needs more reporters like Stephen Perloff, the editor of The Photograph Collector. His newsletter is a must-read for art buyers and sellers. But what I like is the writing. Consider his colorful description of this fall’s art auctions in New York: “Maybe it was a time warp that transported people back to Germany in the 1920s when hyperinflation demanded a wheelbarrow full of money just to go grocery shopping. Or maybe Halloween just bewitched everyone. But November saw bidders throw money at art the way the brooms threw water down the stairs in “The Sorcerer’s Apprentice.”

When you think of how much money was spent, in fact, you have to wonder: “Where’s it all coming from?”