It's an old story--one we've covered before. Art critics exiting the field in disgust over the shenanigans of the art market. To me, this is all an inevitable side-effect of global inequality and the rise of the new plutocratic elite. Thorstein Veblen explained it all back in the 19th century. And Matthew Couper has channeled the 19th century in his excellent ex voto The Divorce of the Art Market and Art Criticism.
Matthew Couper, The Divorce of the Art Market and Art Criticism
This painting accompanied a satire by John Seed, "The Art Market and Art Criticism Will Divorce in 2013: An Allegory" at The Huffington Post.