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

The $12 Million Stuffed Shark: The Curious Economics of Contemporary Art Don Thompson ebook
ISBN: 0230610226, 9780230610224
Page: 282
Format: pdf
Publisher: Palgrave Macmillan

DM: The greatest thing I have eaten all year is a 72-day dry-aged rib steak from Seed to Sausage. DM: The $12 Million Stuffed Shark: The Curious Economics of Contemporary Art by Don Thompson. Don Thompson demonstrates the definitely curious economics of contemporary art. Economists in the house, please comment. Posted on November 8, 2011 by Douglas Barbour Like Seven Days, The $12 Million Stuffed Shark was written before the Great Recession of 2008, but, as his rather depressing final chapter, 'End Game,' suggests, & as the obscene bonuses still paid to the Wall Street bankers etc show, these people can still play the games Thompson tells us about here. We will compare notes from real life with what people like Thompson is saying in his $12 Million Stuffed Shark: The Curious Economics of Contemporary Art and Art/Work by Bhandari and Melber. The $12 Million Stuffed Shark: The Curious Economics of Contemporary Art gives its readers a completely new view of the economics of the art world. Don Thompson - 33 Million Stuffed Shark: The Curious Economics of Contemporary Art Code: Product Description Why would a smart New York investment banker pay $33 million for the decaying, stuffed carcass of a shark? Art can fit into this category. For an eye-opening study of the market for art and why some artists are paid millions and others starve, this is a fascinating read. I'm reading a book right now called “The $12 Million Stuffed Shark: The Curious Economics of Contemporary Art”. I have discovered that there is something in economics called a Veblen Good, a luxury item for which price equates quality. Full of gory detail about how dealers, auction houses, collectors and artists operate.