Palgrave MacMillan | ISBN:0230620590 | File Type: PDF, 268 pages | File size: 26.Mb | Apr. 13th, 2010
Contemporary Art History 1945 : The Curious Economics of Contemporary Art Why wod a smart New York investment banker pay 12 million for the decaying stuffed carcass of a shark By what alchemy does Jackson ollock 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 particar 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 peciar 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
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