Why might a sensible New York funding banker pay $12 million for the decaying, Filled carcass of a shark? Through what alchemy does Jackson Pollock’s drip portray No. 5, 1948 sell for $one hundred forty million?

Intriguing and wonderful, The $12 Million Filled Shark is a Freakonomics technique to the economics and psychology of the recent artwork international. Why had been document costs accomplished at public sale for works Through 131 recent artists in 2006 on my own, with outstanding new heights reached in 2007? Don Thompson explores the cash, lust, and self-aggrandizement of the artwork international in an try to decide what makes a selected paintings helpful even as others are unnoticed.

This ebook is the primary to take a look at the economics and the promoting methods that allow the up to date artwork marketplace to generate such astronomical costs. Drawing on interviews with prior and provide executives of public sale homes and artwork dealerships, artists, and the patrons who transfer the marketplace, Thompson launches the reader on a adventure of discovery throughout the atypical international of up to date artwork. Unexpected, passionate, gossipy, revelatory, The $12 Million Filled Shark unearths an excellent deal that even skilled public sale clients have no idea.