A history of the art market in 35 record-breaking sales (2016)

https://som.yale.edu/news/2016/06/history-of-the-art-market-in-35-record-breaking-sales

by bookofjoe • 5 years ago

27 4 5 years ago

som.yale.edu

redelbee• 5 years ago

I read Don Thompson’s “The $12 Million Stuffed Shark: The Curious Economics of Contemporary Art” last year. It was published in 2008 (interestingly the day before Lehman went bankrupt) so it felt like I was missing out on some interesting context from the intervening years between publication and my reading. Overall I think it was a decent, if shallow, overview of the market and I learned a lot about one way the rich spend their time and money.

I’d love to see a “tell all” type of story from an insider at an auction house etc but I suspect the gains to be had from publishing are much less attractive than selling art, especially at these astronomical prices.

pwillia7• 5 years ago

The connection between money laundering and art sales is hard to discount. https://www.natlawreview.com/article/art-and-money-launderin...

Gatsky• 5 years ago

Huh, Fancis Bacon's Three Studies of Lucian Freud is the most expensive on the list at $89 million. I can't comprehend these dollar numbers, but it's a stunning painting.

There is a good doco about Bacon's life on YT: https://www.youtube.com/watch?v=MgrO5za0lSY

fidelramos• 5 years ago

2021: Beeple sells the NFT for a composite JPG for $69 million dollars. [1]

[1] https://www.forbes.com/sites/abrambrown/2021/03/11/beeple-ar...

A history of the art market in 35 record-breaking sales (2016)

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