THE $12 MILLION STUFFED SHARK: THE CURIOUS ECONOMICS OF CONTEMPORARY ART BY DON THOMPSON

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The $12 Million Stuffed Shark: The Curious Economics of Contemporary Art by Don Thompson Product Details Hardcover: 272 Publisher: Palgrave Macmillan Publication Date: 2008-09-16 ISBN: 0230610226 List Price: $24.95        Price: $16.47 Editorial Reviews Product 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. Customers who bought this book also bought Seven Days in the Art World Lives of the Artists Old Masters and Young Geniuses: The Two Life Cycles of Artistic Creativity Outliers: The Story of Success A Short Life of Trouble: Forty Years in the New York Art World

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