Contemporary Art Business

Intriguing and entertaining, The $12 Million Stuffed Shark is a Freakonomics approach to the economics and psychology of the contemporary art world. Why were record prices achieved at auction for works by 131 contemporary artists in 2006 alone, with astonishing new heights reached in 2007? Don Thompson explores the money, lust, and self-aggrandizement of the art world in an attempt to determine what makes a particular work valuable while others are ignored.

Art today is defined by its relationship to money as never before. Prices of living artists' works have been driven to unprecedented heights, conventional boundaries within the art world have collapsed, and artists now think ever more strategically about how to advance their careers. Artists no longer simply make art, but package, sell, and brand it. Noah Horowitz exposes the inner workings of the contemporary art market, explaining how this unique economy came to be, how it works, and where it's headed.

The contemporary art market is an international juggernaut, throwing off multimillion-dollar deals as wealthy buyers move from fair to fair, auction to auction, party to glittering party. But none of it would happen without the dealers - the tastemakers who back emerging artists and steer them to success, often to see them picked off by a rival. Dealers operate within a private world of handshake agreements, negotiating for the highest commissions. Michael Shnayerson, a longtime contributing editor to Vanity Fair, writes the first-ever definitive history of their activities.

Contemporary art has never been so popular - but the art world is changing. In a landscape of increasing globalization, there is growing interest in questions over the nature of contemporary art today and the identity of who is controlling its future. In the midst of this, contemporary art continues to be a realm of freedom where artists shock, break taboos, flout generally received ideas, and switch between confronting viewers with works of great emotional profundity and jaw-dropping triviality.

In "The Modern Machiavelli: Mastering the Art of Strategic Power," you will discover a captivating exploration of Machiavellianism adapted for the contemporary landscape by Godric Hunt. This revolutionary work delves deeply into the core of strategic power, weaving together ethics, empathy, and a profound understanding of human dynamics to present a Machiavellian vision that goes beyond conventional interpretations.

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