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

(Paperback)

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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.

Reviews

'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 economists eye and a dry, sceptical wit- to its absurdities.

Don Thompson is an entertaining sceptic when it comes to contemporary arta much-needed attempt to get to grips with the mysteries of the art marketThompsons knowledge of markets and law is a convincing and informative read.

'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.

Author Bio

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