• $9.99

Publisher Description

Why would a smart New York investment banker pay $12 million for the decaying, stuffed carcass of a shark? By what alchemy does Jackson Pollock's drip painting No. 5, 1948 sell for $140 million?

Intriguing and entertaining, The $12 Million Stuffed Shark is a Freakonomics approach to the economics and psychology of the contemporary art world. Why were record prices achieved at auction for works by 131 contemporary artists in 2006 alone, with astonishing new heights reached in 2007? Don Thompson 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.

This book is the first to look at the economics and the marketing strategies that enable the modern art market to generate such astronomical prices. Drawing on interviews with both 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. Surprising, passionate, gossipy, revelatory, The $12 Million Stuffed Shark reveals a great deal that even experienced auction purchasers do not know.

GENRE
Arts & Entertainment
RELEASED
2012
February 21
LANGUAGE
EN
English
LENGTH
272
Pages
PUBLISHER
St. Martin's Press
SELLER
Macmillan
SIZE
2.3
MB

Customer Reviews

GG artwork ,

Years of Experience

As a young emerging artist, I found this book to be a very insightful read. It opened my eyes to so different aspects of the art world and it gave me a clear understanding of the the path I want to create for myself as an artist. This type of literature should be implemented in more art schools around the world.

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