Fine art

The Economist.com: talks about the market for fine art. Is this another symptom of the excess liquidity in the world?

"What went wrong? Observers in the room noted an absence of American buyers, perhaps because of a fear of flying or a weakening dollar. The dealers' fingers were pointed at the auction houses for posting forbidding estimates. The auction houses attempted to distract attention by talking up their (few) successes. All were united in the hope that the poor sales were just a blip, and not the first sign of a turn in the market. "