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

Description: The $12 Million Stuffed Shark by MS Don Thompson "First published in 2008 by Aurum Press, Ltd, London, UK"--T.p. verso. FORMAT Paperback LANGUAGE English CONDITION Brand New Publisher Description Why would a smart New York investment banker pay $12 million for the decaying, stuffed carcass of a shark? By what alchemy does Jackson Pollocks 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 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. Author Biography 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. 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 * Christies and Sothebys * Choosing an Auction Hammer * Auction Psychology * The Secret World of Auctions * Francis Bacons Perfect Portrait * Auction Houses vs Dealers * Art Fairs: The Dealers Final Frontier * Art and Money * Pricing Contemporary Art * Fakes * Art Critics * Museums * End Game * Contemporary Art as an Investment * Postscript 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 thats gripped me like a thriller for the past two days...its called the $12 Million Stuffed Shark." --Richard Morrison, The Times (London) "...its 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 Review Quote ...its lucid, well researched and, while carefully balanced, manages to retain a sharp edge . Details ISBN0230620590 Short Title $12 MILLION STUFFED SHARK Language English ISBN-10 0230620590 ISBN-13 9780230620599 Media Book Format Paperback DEWEY 709.049 Year 2010 Publication Date 2010-04-13 Subtitle The Curious Economics of Contemporary Art Edited by Witte, George Place of Publication London Country of Publication United Kingdom AU Release Date 2010-04-13 NZ Release Date 2010-04-13 UK Release Date 2010-04-13 Author MS Don Thompson Publisher Pan Macmillan Imprint Macmillan Illustrations Plates, color Audience General Pages 272 We've got this At The Nile, if you're looking for it, we've got it. With fast shipping, low prices, friendly service and well over a million items - you're bound to find what you want, at a price you'll love! TheNile_Item_ID:43649373;

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