The Orange Balloon Dog: Bubbles, Turmoil and Avarice in the

The Orange Balloon Dog: Bubbles, Turmoil and Avarice in the Contemporary Art Market

Within forty-eight hours in the fall of 2014, buyers in the Sothebyâ€™s and Christieâ€™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 Koonsâ€™ 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 todayâ€™s international market, from New York to London, Singapore to Beijing. Take heed if your millions are tied up in stainless steel balloon dogsâ€•Thompson also warns of a looming bust of the contemporary art price balloon.
Country USA
Brand Douglas & McIntyre
Manufacturer Douglas & McIntyre
Binding Paperback
UnitCount 1
EANs 9781771621526
ReleaseDate 0000-00-00

Country	USA
Brand	Douglas & McIntyre
Manufacturer	Douglas & McIntyre
Binding	Paperback
UnitCount	1
EANs	9781771621526
ReleaseDate	0000-00-00

The Orange Balloon Dog: Bubbles, Turmoil and Avarice in the Contemporary Art Market

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