For all the commentary about the art world, there is a stunning lack of writing that actually attempts to understand the business itself. Last week, for example, I was speaking to the C.E.O. of one of the major auction houses when he brought up something I had written a few months earlier about a competitor. Surprisingly, this executive thanked me for taking the time to actually analyze the company. He wasn’t being mean-spirited. Rather, he was expressing a frustration shared by many art industry insiders about their portrayal by the media, both in the trade press and when global news outlets attempt to write about the industry.