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The $12 Million Stuffed Shark: The Curious Economics of Contemporary Art By Don Thompson

The $12 Million Stuffed Shark: The Curious Economics of Contemporary Art
by Don Thompson

Why would a smart New York investment banker pay twelve million dollars for the decaying, stuffed carcass of a shark?

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The $12 Million Stuffed Shark: The Curious Economics of Contemporary Art Summary


Why would a smart New York investment banker pay twelve million dollars for the decaying, stuffed carcass of a shark? By what alchemy does Jackson Pollock' s drip painting No.5 1948 sell for $140 million? The first book to look at the economics of the modern art world, and the marketing strategies that power the market to produce such astronomical prices, this surprising and revelatory book explores the money, lust, and self-aggrandizement of the art world in an attempt to determine what makes a particular work valuable while others are ignored. Drawing on interviews with past and present executives of auction houses and art dealerships, artists, and the buyers who move the market, Thompson launches the reader on a journey of discovery through the peculiar world of modern art to reveal the source of Charles Saatchi's Midas touch, and how far a gallery like White Cube has contributed to Damien Hirst becoming one of the highest-earning artists in the world.

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Additional information

GOR007831434
The $12 Million Stuffed Shark: The Curious Economics of Contemporary Art
Don Thompson
Well Read
Paperback
Aurum Press
2012-03-18
304
1845134079
9781845134075
N/A
Book picture is for illustrative purposes only, actual binding, cover or edition may vary.
This is a used book. We do our best to provide good quality books for you to read, but there is no escaping the fact that it has been owned and read by someone else previously. Therefore it will show signs of wear and may be an ex library book.