The $12 Million Stuffed Shark
The Curious Economics of Contemporary Art
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 …
$22.00
September 22, 2009Don Thompson is a professor and economist and holder of the Nabisco Brands Chair Emeritus at the Schulich School of Business at York University. He specializes in marketing, economic regulation, and strategic planning. He has taught at Harvard University, the London School of Economics, and the University of Toronto. He is the author or co-author of nine books and 75 published articles.
