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

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

Paperback

By (author) Don Thompson

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  • Publisher: Aurum Press Ltd
  • Format: Paperback | 304 pages
  • Dimensions: 128mm x 196mm x 22mm | 281g
  • Publication date: 18 March 2012
  • Publication City/Country: London
  • ISBN 10: 1845134079
  • ISBN 13: 9781845134075
  • Illustrations note: colour illustrations
  • Sales rank: 43,467

Product description

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 $12 Million Dollar Stuffed Shar'k is 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. Don Thompson talks to auction houses, dealers, and collectors to find out 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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Author information

Don Thompson is an economist and professor of business who has taught at the LSE and Harvard Business School. He lives in Toronto.

Review quote

'If you read no other book about art in your life, read the one that's gripped me like a thriller for the past two days.' - Richard Morisson The Times 'This enthralling, revelation-rich trip through the "money game" of the art market brings an economist's eye - and a dry, sceptical wit- to its absurdities.' Independent 'Intriguing and readable' Sunday Express 'Don Thompson is an entertaining sceptic when it comes to contemporary art...a much-needed attempt to get to grips with the mysteries of the art market...Thompson's knowledge of markets and law is a convincing and informative read.' Art Review magazine