Don Thompson

The $12 Million Stuffed Shark

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Why would a smart New York investment banker pay twelve million dollars for the decaying, stuffed carcass of a shark? By what alchemy does Jackson Pollock’s drip painting No.5 1948 sell for $140 million?
'The $12 Million Dollar Stuffed Shar'k is the first book to look at the economics of the modern art world, and the marketing strategies that power the market to produce such astronomical prices. Don Thompson talks to auction houses, dealers, and collectors to find out the source of Charles Saatchi’s Midas touch, and how far a gallery like White Cube has contributed to Damien Hirst becoming one of the highest-earning artists in the world.
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397 printed pages
Publication year
2010
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Quotes

  • Artiom Trashovhas quoted10 months ago
    A fourth, the most recent addition, is London’s Frieze, held each October.
  • Artiom Trashovhas quotedlast year
    THE MOST EXPENSIVE SCULPTURES SOLD AT AUCTION
    Bird in Space (1923), Constantin Brancusi, $27.5 million, Christie’s New York, 2005
  • Artiom Trashovhas quotedlast year
    THE MOST EXPENSIVE SCULPTURE SOLD PRIVATELY
    Bird in Space (1923), Constantin Brancusi, $38.5 million, private sale brokered by New York dealer Vivian Horan to a Seattle collector, 2000 (this is a different version [of 16 in total] from the Bird in Space listed under “sculptures sold at auction” above)

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