![]() Indeed, he notes, many of the pieces discussed-from Francis Bacon’s disquieting studies of morbidity to Jeff Koons’s glossy essays in camp-are not what most people would want to display in their homes or offices. Among the factors at play, Thompson avers, the artwork’s quality is rarely prominent. Evincing astute knowledge of the arcane workings of high-end art galleries and auction houses, the author walks readers through the mechanics of how a contemporary artist’s work comes to be regarded as worthy of notice. He bravely attempts to apply theories of basic economics and markets to the contemporary art scene, in which absurdity frequently rules. ![]() This world has been fodder for mockery ever since Marcel Duchamp signed a urinal and proclaimed it art, but there’s a whole lot more money at stake now, notes Thompson (Marketing and Economics/York Univ.). Informative and occasionally hilarious look at the surreal contemporary art market. ![]()
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