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Don Thompson - The Orange Balloon Dog (2nd Hand Hardback)
SKU B002937
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Synopsis
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 stencilled 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 analyses the behaviours 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.
Details
- Format : Standard 2nd Hand Hardback with Dust Jacket
- Condition : Very Good (Almost As New)
- Category : Non-Fiction - The Arts, Photography & Fashion
- Published : 2018 (Aurum Press)
- ISBN : 9781781317235
- SKU : B002937
- PPC : SP550gm
- RRP : £16.99 (Unclipped)
- Quantity Available : 1 only.
External Reviews
"This book is written by an economist, Don Thompson, with a deep interest in the art market. It is about the business of the contemporary art market, not the intrinsic value of the contemporary art itself. In fact, the only measure of this art is the price and these valuations bemuse the author, even when he applies a template of behavioural economics.
The economics of the bragging rights of the top 1 per cent are beyond his comprehension. If you are more interested in the art than the business of art, this is not the book for you. The style is readable, reflecting the author’s experience in both academia and journalism." - Google Review.
"Really good. Highly recommended." Andrew Marr, Radio 4.
"Thought I'd be bored and maybe skim certain chapters since the financial end of art isn't exactly my strong point but I was pleasantly surprised by how readable, enjoyable and entertaining this book was. And how informative. It burst any remaining tiny assumptions I'd held about the current art world. Galleries are larger, all about space, the more space, the more prestige. Art is also getting larger and more vacuous in order to fit into those mammoth white boxes. Its all pretty dispiriting but important to understand and now I do, a little bit more than before reading this book. Starting with NYC auction houses, mega galleries, ending on an international scale, I found the broad scope of this book to be enlightening in how the system works as a whole." - Goodreads Review.
The Author
Don Thompson is an economist and Emeritus Nabisco Brands Professor of Marketing and Strategy at the Schulich School of Business at York University in Toronto. He is the author of The Supermodel and the Brillo Box. He has taught at Harvard Business School and the London School of Economics, and is the author of 11 books. He writes on the economics of the art market for publications as diverse as The Times (London), Harper’s Magazine, and The Art Economist. He lives in Toronto, Canada.