Cover of Don Thompson: $12 Million Stuffed Shark

Don Thompson $12 Million Stuffed Shark

The Curious Economics of Contemporary Art

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Aurum

2010

EPub
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304

978-1-84513-651-2

1-84513-651-9

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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 Pollocks 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 Saatchis 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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