Title:	The $12 Million Stuffed Shark: The Curious Economics of Contemporary Art
Categories:	Business
BookID:	bu-0064
Authors:	Don Thompson
ISBN-10(13):	9781845134075
Publisher:	Aurum Press Ltd
Publication date:	2012-03-18
Number of pages:	304
Language:	English
Rating:
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Description:	Product Description 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 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 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.