If you have been following recent auctions of Cuban art, you might have walked away with a cold feeling. You look at the catalog, spot a couple of pieces by Roberto Fabelo that should, in theory, be quite good, wait for the hammer… and nothing. No one bids. The lots pass without a sound. The logical, quick conclusion is that Fabelo’s market is deflating. However, if you look at the bigger picture, the reality is far more interesting—and selective—than a simple “nobody wants his work anymore.” What we are witnessing with Fabelo is not a crash; it is a reality check for the market. We are coming off years of…