The $12 Million Stuffed Shark by Don Thompson

The Curious Economics of Contemporary Art

The book explores the complex and often perplexing world of contemporary art markets, delving into how art is valued and sold. It examines the roles of artists, dealers, auction houses, and collectors in creating and sustaining the high prices of modern art pieces. Through various case studies, including the sale of a controversial artwork, the narrative reveals the influence of branding, reputation, and market dynamics on art valuation. The book provides insights into the economic and psychological factors that drive the art market, highlighting the intersection of art, commerce, and culture.