Bibliograph

The $12 million stuffed shark, the curious economics of contemporary art, Don Thompson

Type

Label

The $12 million stuffed shark, the curious economics of contemporary art, Don Thompson

Language

eng

Bibliography note

Includes bibliographical references (pages 255-258) and index

Illustrations

platesillustrations

Index

index present

Literary Form

non fiction

Main title

The $12 million stuffed shark

Nature of contents

bibliography

Oclc number

233786952

Responsibility statement

Don Thompson

Sub title

the curious economics of contemporary art

Summary

"The $12 Million Stuffed Shark delves into the economics and psychology of the contemporary art world - artists, dealers, auction houses, and wealthy collectors. If it's true - as so often said - that 85 percent of new contemporary art is bad, why were record prices achieved at auction for works by 131 contemporary artists in 2006 alone, with astonishing new heights reached in 2007? The $12 Million Stuffed Shark explores money, lust, and the self-aggrandizement of possession in an attempt to determine what makes a particular work of art valuable while others are ignored. In the style of the bestselling Freakonomics, Thompson uses economic concepts to explain the unique practices employed, to great success, in the international contemporary art market. He discusses branding and marketing and how various strategies are tailored to a wealthy clientele, driving a "must-have" culture. Drawing on exclusive interviews with both past and present executives of auction houses and art dealerships, artists, and the buyers who move the market, Thompson launches the reader on a surprising journey of discovery."--Pub. website

Table Of Contents

The $12 Million Stuffed Shark -- Branding and Insecurity -- Branded Auctions -- Branded Dealers -- The Art of the Dealer -- Art and Artists -- Damien Hirst and the Shark -- Warhol, Koons, and Emin -- Charles Saatchi: Branded Collector -- Christie's and Sotheby's -- Choosing an Auction Hammer -- Auction Psychology -- The Secret World of Auctions -- Francis Bacon's Perfect Portrait -- Auction Houses vs. Dealers -- Art Fairs: The Dealer's Final Frontier -- Art and Money -- Pricing Contemporary Art -- Fakes -- Art Critics -- Museums -- End Game -- Contemporary Art as an Investment -- Postscript

resource.variantTitle

Twelve million stuffed shark

Classification

Creator