The contemporary art market continues to grow - but is that a good thing? Peter Aspden, the FT's arts writer, sat with some of the leading members of the art establishment to find out. Jussi Pylkkanen is the president of Christie's Europe; Maureen Paley is a private dealer who runs an influential gallery in the East End of London; Matthew Slotover is a co-founder of London's Frieze Art Fair.

PA We've seen some good auction results again this week, defying those who have been waiting for things to go pear-shaped because of the credit crunch. I wonder what explanation you have for that, Jussi?