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


The Orange Balloon Dog: Bubbles, Turmoil and Avarice in the Contemporary Art Market
Title : The Orange Balloon Dog: Bubbles, Turmoil and Avarice in the Contemporary Art Market
Author :
Rating :
ISBN : 1771621524
ISBN-10 : 9781771621526
Language : English
Format Type : Paperback
Number of Pages : 240

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 analyzes 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.

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

  • Nofreeusernames Nofreeusernames

    Předchozí Thompsonovy knihy byly pro laika určitě lepší, šťavnatější, zajímavějši. Tahle je hodně orientovaná na ekonomiku a trh a méně už na umělce a další aktéry uměleckého dění.

  • Stephanie Magnuson

    I really loved this book- it gave a lot of great insight into a wide range of art world topics, with wonderful anecdotes and metaphors. I finished the book with a whole page of notes on a myriad of different subjects for further reading and research- enlightening and entertaining read!

  • Mary Rose

    Bubbles are a very apt metaphor for this book. Each chapter is extremely short and self-contained, but doesn't mesh well with the other chapters or build up to a more cohesive argument. The final chapter, which I was hoping would wrap things up for me, but it is truly the strangest conclusion I have read in a nonfiction book in recent memory. The final paragraphs are about something entirely unrelated, which Thompson then does not connect and leaves dangling like an errant... well, anyway.

    That's not to say that I didn't enjoy it! But keep in mind that I am strange and find each of the topics covered in the chapters (from private museums to forgeries) individually interesting. If you are not a person who is already interested in the contemporary art market, I would recommend Thompson's other book The $12 Million Dollar Stuffed Shark as a better introductory primer. Still, I'm glad I read this.

  • Lauren

    Interesting info about how the contemporary art market is changing and having to adapt to consumers preferences. A bit dense so it was hard to force myself to keep reading it. Not nearly as fun or interesting as his other books on contemporary art.

  • Vin

    Decent read, essentially a 101 on the Contemporary Art market. Things I️ found interesting

    - The ways in which a good with no intrinsic value (like, say, bullion) with unique characteristics (unlike bullion) is priced. Makes sense that market makers (auctioneers, dealers), outsized players (famous collectors) and a few firms attempting to add transparency (Artsy et al) define prices at the high end of the market.
    - Also cool that the industry isn’t regulated and the Courts have made interesting rulings. Such a Caveat Emptor market with such high buy-in’s that I’d never enter without an influencer advising

    The author clearly is trying to market this as an Econ book on Art, but it‘s more informational and less conceptual.

  • David Baker

    Interesting, educational, entertaining and concise. Explains the business angles surrounding the contemporary art market.

  • Samuel Pacek

    RECENZE:

    https://eurozpravy.cz/kultura/literat...

  • Vasyl Pasternak

    A book about complete new world of high priced art, auctions, exhibitions, fakes, tax avoidance and marketing. Very interesting nosedive into how rich people spend their fortunes.

  • Kamal

    Not as good as his other books on the topic of the art market. It reads like an update and supplement to the previous books.

  • Katya Hochleitner

    Updated view on art market agents. Good.

  • Ben

    100027)

  • Adelaide Blair

    3.5

  • Edmond Dantes

    Finito questo libro considererete l'inverstimento in Swap sui CDS dei BTP dello zimbabwe ancorati al cambio incrociato del Franco Centrafricano, del rublo tagiko e del dinaro afgano un investimento a basso rischio.....
    Molto, Molto interessante....

  • Lucy

    Though the examples offered may be somewhat dated, especially in the post-pandemic market, the themes and schemes described ring true.