Why may a sensible long island funding banker pay $12 million for the decaying, filled carcass of a shark? via what alchemy does Jackson Pollock's drip portray "No. five, 1948 "sell for $140 million?
Intriguing and unique, "The $12 Million filled Shark" is a "Freakonomics" method of the economics and psychology of the modern paintings international. Why have been checklist costs accomplished at public sale for works through 131 modern artists in 2006 on my own, with outstanding new heights reached in 2007? Don Thompson explores the money, lust, and self-aggrandizement of the artwork global in an try and verify what makes a selected paintings important whereas others are ignored.
This ebook is the 1st to examine the economics and the selling ideas that let the fashionable artwork marketplace to generate such astronomical costs. Drawing on interviews with previous and current executives of public sale homes and paintings dealerships, artists, and the dealers who stream the industry, Thompson launches the reader on a trip of discovery throughout the odd international of recent artwork. unbelievable, passionate, gossipy, revelatory, "The $12 Million filled Shark" unearths greatly that even skilled public sale buyers don't know.