He closes that essay with a prediction about a world without aesthetic progress: “The institutions of the artworld — galleries, collectors, exhibitions, journalism — which are predicated upon history and hence marking what is new, will bit by bit wither away.” In fact, the opposite proved to be the case. Warhol, the great “business artist,” actually foretold the vast expansion of the visual arts sphere, to the point where people talk seriously about the “Warhol Economy.” The pluralistic art world has, it turns out, been all about the diversification of the business of art.