"only the rich buy this"

David Hammons, at the Mnuchin Gallery

Reading about this new exhibit currently showing in New York, I couldn't help but wonder if it was not meant to mock the rich, effete and powerful white collecting class? Or, is it just effete itself? 

effete

ɪˈfiːt/

adjective

1. affected, over-refined, and ineffectual.

   "effete trendies from art college"

   synonyms:

   affected, over-refined, ineffectual, artificial, studied, pretentious, precious, chichi, flowery, mannered; More

   • no longer capable of effective action.

     "the authority of an effete aristocracy began to dwindle"

     synonyms:

     weakened, enfeebled, enervated, worn out, exhausted, finished, burnt out, played out, drained, spent, powerless "the whole fabric of society is becoming effete"
   • (of a man) weak or effeminate.

     "he chatted away, exercising his rather effete charm"

     synonyms:

     effeminate, unmasculine, unmanly; More

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