Why could a wise ny funding banker pay $12 million for the decaying, crammed carcass of a shark? by means of what alchemy does Jackson Pollock's drip portray "No. five, 1948 "sell for $140 million?
Intriguing and interesting, "The $12 Million crammed Shark" is a "Freakonomics" method of the economics and psychology of the modern paintings global. Why have been checklist costs completed at public sale for works by way of 131 modern artists in 2006 on my own, with fabulous new heights reached in 2007? Don Thompson explores the cash, lust, and self-aggrandizement of the artwork global in an try to be certain what makes a specific paintings worthwhile whereas others are ignored.
This booklet is the 1st to examine the economics and the promoting suggestions that allow the trendy paintings industry to generate such astronomical costs. Drawing on interviews with previous and current executives of public sale homes and artwork dealerships, artists, and the dealers who stream the marketplace, Thompson launches the reader on a trip of discovery during the odd global of recent paintings. spectacular, passionate, gossipy, revelatory, "The $12 Million filled Shark" unearths very much that even skilled public sale dealers don't know.