|
Product Description
Within forty-eight hours in the fall of 2014, buyers in the Sotheby’s and Christie’s New York auction houses spent $1.7 billion on contemporary art. Non-taxed freeport warehouses around the globe are stacked with art held for speculation. One of Jeff Koons’ five chromium-plated stainless steel balloon dogs sold for 50 percent more at auction than the previous record for any living artist. A painting by Christopher Wool, featuring four lines from a Francis Ford Coppola movie stenciled in black-on-a-white background, sold for $28 million. In The Orange Balloon Dog, economist and bestselling author Don Thompson cites these and other fascinating examples to explore the sometimes baffling activities of the high-end contemporary art market. He examines what is at play in the exchange of vast amounts of money and what nudges buyers, even on the subconscious level, to imbue a creation with such high commercial value.Thompson analyzes the behaviors of buyers and sellers and delves into the competitions that define and alter the value of art in today’s international market, from New York to London, Singapore to Beijing. Take heed if your millions are tied up in stainless steel balloon dogs―Thompson also warns of a looming bust of the contemporary art price balloon.
Customers Who Bought This Item Also Bought
- Boom: Mad Money, Mega Dealers, and the Rise of Contemporary Art
- Selling Contemporary Art: How to Navigate the Evolving Market
- The Supermodel and the Brillo Box: Back Stories and Peculiar Economics from the World of Contemporary Art
- Seven Days in the Art World
- The Value of Art: Money, Power, Beauty
- Art Collecting Today: Market Insights for Everyone Passionate about Art
- Dark Side of the Boom: The Excesses Of The Art Market In The 21st Century
- The $12 Million Stuffed Shark: The Curious Economics of Contemporary Art
- Hot, Cold, Heavy, Light, 100 Art Writings 1988-2018
- 100 Secrets of the Art World: Everything You Always Wanted to Know from Artists, Collectors and Curators, but Were Afraid to Ask
*If this is not the "The Orange Balloon Dog: Bubbles, Turmoil and Avarice in the Contemporary Art Market" product you were looking for, you can check the other results by clicking this link. Details were last updated on Nov 22, 2024 21:43 +08.