There is more to representing art than selling art. The life of the gallery is dependent on the renewal and refreshment of its artists and dealers. When that stops happening, it's the end.

As a result of World War II, European artists migrated to America, enlarging the scene and diminishing Paris as the center. America was beginning its dominance of the art world with the emergence of the Abstract Expressionists.

The '80s market was only a Japanese market. It was the Japanese outbidding each other for the most expensive works of art. When the Japanese economy went down the tubes, there was no one left to pay the prices that have been recorded for all of those works.

Historically, art has always had a market. When one medieval fiefdom defeated another they would drag back its jewels, gold, tapestries and art objects as the spoils of war. Art equaled power, riches and culture.

The most wonderful time to be in the art world was in the sixties, because it wasn't a business - there was no business of doing art.

Some prescient American collectors, including Vicki and Kent Logan and Mera and Donald Rubell, began collecting Chinese art before 2000 with a genuine passion, but as the auction prices exploded everyone was beating a path to the galleries and artist studios in China. It became the 'China thing.'

I don't believe in selling art by transparencies. Art is a firsthand experience.

I would begin by collecting lithographs and etchings. It's a way of coming in and benefiting from real quality art. Even younger artists make wonderful prints. Prints can become very valuable. That's how I began collecting.

Film and art are close together.