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

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



Don Thompson (Author)




Paperback: 272 pages
Publisher: St. Martin's Griffin; 1 edition (April 13, 2010)
Language: English



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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 paintingNo. 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 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.

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

Editor opinion

Review

"Don Thompson has written, by far, the best book on the economics of the contemporary art market yet written."--Felix Salmon, Portfolio.com "Don Thompson provides the single best guide to both the anthropology and the economics of contemporary art markets. This book is fun and fascinating on just about every page." --Tyler Cowen, "New York Sun"

"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...it's called the "$12 Million Stuffed Shark."" --Richard Morrison, "The Times "(London)

..".it's lucid, well researched and, while carefully balanced, manages to retain a sharp edge ." --"Telegraph UK"

"A new book by an economist named Don Thompson entitled "$12 Million Stuffed Shark: The Curious Economics of Contemporary Art" ought to be required reading for collectors intending to wade into well publicized contemporary art auctions..." --"Economist.com"

"[An] informative an occasionally hilarious look at the surreal contemporary art market... A clear-headed approach to a frequently high-pitched issue." --"Kirkus"



Don Thompson has written, by far, the best book on the economics of the contemporary art market yet written. "Felix Salmon, Portfolio.com"

Don Thompson provides the single best guide to both the anthropology and the economics of contemporary art markets. This book is fun and fascinating on just about every page. "Tyler Cowen, New York Sun"

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 it's called the "$12 Million Stuffed Shark." "Richard Morrison, The Times (London)"

it's lucid, well researched and, while carefully balanced, manages to retain a sharp edge . "Telegraph UK"

A new book by an economist named Don Thompson entitled "$12 Million Stuffed Shark: The Curious Economics of Contemporary Art" ought to be required reading for collectors intending to wade into well publicized contemporary art auctions "Economist.com"

[An] informative an occasionally hilarious look at the surreal contemporary art market... A clear-headed approach to a frequently high-pitched issue. "Kirkus""

About the Author

Don Thompson teaches marketing and economics in the MBA program at the Schulich School of Business at York University in Toronto. He has taught at the London School of Economics and at Harvard Business School. He lives in London and Toronto.

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

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

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I am not in any way involved in Art nor do I own any art and enjoyed this book tremendously. Being in real estate and finance made this book ever more compelling to read. There are a lot of parallels in the psychology and economics of trading modern art, real estate and any other alternative asset which makes this book a great way to force lateral thinking between two, arguably, unrelated sectors. I couldn't recommend this book more to anyone involved in finance or the trading of securities and assets. I wish this author wrote about other industries as the book details just about every revenue stream, challenge and opportunity in the dealer, auction house market. Anyhow, do read this book. It is quite good.@@@@Explained: why works void of talent are considered to be both art and valuable.

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Want to know how? Read this book and you will find out.

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Yes, there are some things money cannot buy. Having billions of dollars alone is not enough to acquire the most coveted works of contemporary art, which have to be "placed" not sold to only those deemed worthy. These will only be "placed" where the reputation of the artist will get the most favor, perhaps with a billionaire who is a philanthropist, rather than a billionaire who makes a more vulgar impression.

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Brilliant piece uncovering the mystery of why we observe so-called works of art clearly void of artistic talent sell for exorbitant amounts of money. I like to consider myself an amateur art connoisseur, but maybe I am unworthy of such a title since I fail to comprehend how contemporary works can fetch more than a medieval masterpiece at auction. The author of this book has provided me much clarity on the absurdity of art values. His writing style is entertaining, intriguing, and practical.

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Want to know how? Read this book and you will find out.

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




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