![]() ![]() He describes artworks in terms of materials, not meaning or effect. Similarly, Thompson is an economist, and that’s bad. This helps explain why prices for some contemporary art can equal the operating budgets of the MoMA. ![]() He focuses on things like the branding of artists, collectors and dealers, and competition between auction houses and gallerists. Thompson is an economist, and that’s good. In The $12 Million Stuffed Shark (which refers to Hirst’s previous highest price), York U business prof Don Thompson asks why certain works of art command so much cash while others rot away in studios. ![]() On September 15, Hirst’s works earned their highest-ever auction prices, including $17 million for a stuffed shark. Rating: NNNĪs world markets crumbled last month, at least one man knew his net worth wasn’t falling: British artist Damien Hirst. THE $12 MILLION STUFFED SHARK: THE CURIOUS ECONOMICS OF CONTEMPORARY ART by Don Thompson (Doubleday), 268 pages, $29.95 cloth. ![]()
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