From time to time on thesniffer, Nora Young and Cathi Bond have talked about what might happen to trends like enviro-chic and localism if there’s a downturn in the economy. Well, now that it looks as though the chickens may be coming home to roost, Cathi and Nora talk trends in an economy of lowered expectations. Nora refers to this PSFK article on SEDE magazine, a mag about slow living, which started in Argentina after the economic collapse there.  They also discuss this article from GigaOm, up at Business Week, speculating on the problems startups may face if their business model rests exclusively on ads.

And what of the art market during a downturn?  Damien Hirst snubbed gallerists by offering his work directly at auction at Sotheby’s, and made buckets of dosh doing so. Is this a model others could follow?

 

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