The Orange Balloon Dog

The Orange Balloon Dog by Don Thompson

Bubbles, Turmoil and Avarice in the Contemporary Art Market

Author:
Format: Hardback, 240 Pages
ISBN: 9781781317235
Publisher: Aurum Press
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"Really good. Highly recommended." Andrew Marr, Radio 4: Start the Week

From the author of the internationally bestselling The $12 Million Stuffed Shark comes a fresh and provocative look at the high-end art market and whether it is a bubble about to burst. Within forty-eight hours in the autumn of 2014, buyers in the Sotheby’s and Christie’s New York auction houses spent $1.7 billion on contemporary art. Economist and bestselling author Don Thompson cites this and other fascinating examples to explore the sometimes baffling activities of the high-end contemporary art market, examining 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 analyses 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 fortunes are tied up in stainless steel balloon dogs – Thompson also warns of a looming bust of the contemporary art price balloon. A fascinating explanation, through the field of behavioural economics, for the phenomena that is behind the incredible value of contemporary art.

Don Thompson is an economist and professor of business who has taught at the LSE and Harvard Business School. He is the author of twelve books, including the internationally bestselling The $12 Million Stuffed Shark. He lives in Toronto.

Format: Hardback, 240 Pages
ISBN: 9781781317235
Illustrations: colour plates
Size: 5.315 in x 8.504 in / 135 mm x 216 mm
Published:
'For a fascinating peek behind the curtain of this lunatic world, i'd recommend Thompson's latest book.'
'Thought-provoking.'
‘Fascinating, eye-opening survey.’
'Excellent account. Don Thompson's book is about greed, acquisitiveness and infantile selfishness; it is about a section of society that is so rich, some of them must be half-mad.'
'In this head-spinning book, packed with insider information...Don Thompson shines a light on the wheeler-dealing that drives today's global art market.'
"Really good. Highly recommended."
'Thought provoking. Offers fascinating insights into the huge art collections being amassed by the rival emirates in the Middle East, in fierce competition with each other, and into the Chinese invasion of the art market.'