Horacio Silva takes a gimlet-eyed view of the overheated art market in today’s New York Times T Magazine, listing “Richard Phillips creating handbags for Jimmy Choo, Damien Hirst peddling jeans for Levi’s… the cross-dressing ceramicist Grayson Perry designing a fabric for Liberty… the new Banana Republic campaign features models dressed to match the artworks behind them… Louis Vuitton has installed a pop-up store as part of the Takashi Murakami show at the Museum of Contemporary Art in Los Angeles, the opening of which fittingly featured appearances by Marc Jacobs and Kanye West..Selfridges recently showcased sculpture by Conrad Shawcross between the bridal and holiday sections… Bloomingdale’s has devoted its fall and Christmas windows to art. And the multimedia artist Ed Ruscha recently added another arrow to his quiver by modeling in ads for Lord & Taylor… art is the new real estate.” An interesting notion from a fashion magazine: that fashion might be popping the contemporary art bubble.