The $12 Million Stuffed Shark book cover

The $12 Million Stuffed Shark by Don Thompson Summary

The $12 Million Stuffed Shark
Don Thompson
4 (2 Reviews)
Economics
Business
Psychology
Visão Geral
Pontos Principais
Autor
Perguntas Frequentes

Overview of The $12 Million Stuffed Shark

Ever wonder why a dead shark sold for $12 million? Thompson's riveting expose unveils the psychology driving contemporary art prices, sparking heated debates among collectors and critics. Kirkus Reviews called it "informative and occasionally hilarious" - a perfect lens into luxury's most puzzling marketplace.

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Principais Lições

1

When a Dead Shark Becomes a Masterpiece

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Imagine trying to sell a deteriorating tiger shark carcass for $12 million. This was Charles Saatchi's challenge when offloading Damien Hirst's iconic work-a 15-foot shark suspended in formaldehyde that had turned greenish and wrinkled since its 1992 debut. Despite its condition, hedge fund billionaire Steve Cohen eventually purchased it for a reported $12 million-representing merely five days' income for a man earning approximately $500 million annually. The shark's provocative title, "The Physical Impossibility of Death in the Mind of Someone Living," proved perhaps more valuable than the decomposing specimen itself. This transaction epitomizes the contemporary art market's fascinating paradox: objects with questionable artistic merit commanding astronomical prices. What drives someone to pay millions for something many wouldn't consider art? The answer lies in a complex ecosystem where insecurity, branding, and status-seeking create extraordinary value from seemingly ordinary objects.

2

The Insecurity Engine: How Branding Creates Art Value

3

The Power Players: Dealers, Artists, and Market Makers

4

The Theater of Auctions: Psychology and Market Manipulation

5

The Artistic Portfolio: From Shark Tanks to Diamond Skulls

6

The Pricing Paradox: How Art Gets Its Value

7

Beyond the Shark: What Really Creates Value in Art

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Criado por ex-alunos da Universidade de Columbia em San Francisco

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"Crazy how much I learned while walking the dog. BeFreed = small habits → big gains."

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@Chloe, Solo founder, LA
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"Perfect balance between learning and entertainment. Finished ‘Thinking, Fast and Slow’ on my commute this week."

@Raaaaaachelw
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star
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"Crazy how much I learned while walking the dog. BeFreed = small habits → big gains."

@Matt, YC alum
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comments
12
likes
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"Reading used to feel like a chore. Now it’s just part of my lifestyle."

@Erin, Investment Banking Associate , NYC
platform
comments
254
likes
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"Feels effortless compared to reading. I’ve finished 6 books this month already."

@djmikemoore
platform
star
star
star
star
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@Pitiful
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96
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