The $12 Million Stuffed Shark

The Curious Economics of Contemporary Art

Don Thompson

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English

Aurum Press
01 May 2012

Art & Architecture; Art: financial aspects; Economics

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 Shark 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.

By: Don Thompson
Imprint: Aurum Press
Country of Publication: United Kingdom
Dimensions: Height: 197mm, Width: 129mm, Spine: 20mm
Weight: 218g
ISBN: 9781845134075
ISBN 10: 1845134079
Pages: 304
Publication Date: 01 May 2012
Audience: General/trade , ELT Advanced
Format: Paperback
Publisher's Status: Active

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

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

'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 ' 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.' 'Intriguing and readable' ' 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.' '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.' '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.' '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