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The Supermodel and the Brillo Box

Back Stories and Peculiar Economics From the World of Contemporary Art
Thompson, Donald N. (Book - 2014 )
The Supermodel and the Brillo Box
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An inside look at the evolution of the economics and psychology of the contemporary art market and the events that produced the 2008 art market crash, which was then followed by an astronomical rebound.
Authors: Thompson, Donald N.
Title: The supermodel and the Brillo box
back stories and peculiar economics from the world of contemporary art
Publisher: New York, NY :, Palgrave Macmillan,, 2014.
Edition: First edition.
Characteristics: 282 pages, 8 unnumbered pages of plates :,color illustrations ;,25 cm
Content Type: text
Media Type: unmediated
Carrier Type: volume
Contents: Stephanie
The colors of contemporary art. The world of contemporary art ; The art market crash of '08 ; What jobs do we hire art for? ; Back story ; Authenticating Warhol
Collecting and investing. Mugrabi, Saatchi, Sandretto, and the Vogels ; Contemporary art as an asset class
The contemporary artists. Cattelan, Murakami, and Ai ; Damien Hirst, artist and marketer ; Artists lauded, artists disdained ; Jacob Kassay's wild price ride
The auction houses. Behind the gavel ; Christie's, Sotheby's, and their competitors ; The scream ; The opaque side of auctions
The art dealers. Gagosian and the evolution of the über dealer ; The artful dealer ; When auction houses and dealers collide
Changing markets. Abu Dhabi and Qatar ; China is number two ; The Estella collection
The market as medium. Art fairs ; The end game: click on a Warhol
Postscript and references.
Summary: An inside look at the evolution of the economics and psychology of the contemporary art market and the events that produced the 2008 art market crash, which was then followed by an astronomical rebound.
ISBN: 1137279087
9781137279088
Statement of Responsibility: Don Thompson
Bibliography: Includes bibliographical references (pages [259]-266) and index.
Subject Headings: Art Collectors and collecting Psychology. Art Marketing History 21st century. Art, Modern 21st century Economic aspects.
Topical Term: Art
Art
Art, Modern
LCCN: 2013036143
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NYPL Staff Pick
Welcome to the Wild, Wild West of the world of art—or so economist Thompson seems to imply as he explains how art is bought and sold. In a high risk, high-cost market, what makes a piece of art worth millions instead of thousands? “In thinking of prices, remember that the operative part of the word contemporary is ‘temporary.’ “ A fascinating look at how the art market mirrors (sometimes in a funhouse way) the financial world.
- Wayne Roylance

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