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  The $12 Million Stuffed Shark: The Curious Economics of Contemporary Art (Paperback) By (author) Don Thompson

  

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  Short Description for The $12 Million Stuffed SharkWhy would a very smart New York investment banker pay 12 million dollars for the decaying, stuffed carcass of a shark? By what alchemy does Jackson Pollock's drip painting number 5 "1948" sell for $140 million? This book looks at the economics of the modern art world and the marketing strategies which power the market to produce such high prices.
  Full description

  • Publisher: Aurum Press Ltd
  • Published: 18 March 2012
  • Format: Paperback 304 pages
  • See: Full bibliographic data
  • Categories: General | Art Finance | Economics | Economic Theory & Philosophy
  • ISBN 13: 9781845134075 ISBN 10: 1845134079
  • Sales rank: 42,707

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Full description for The $12 Million Stuffed Shark

• 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.