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The $12 Million Stuffed Shark

Why would a smart New York investment banker pay $12 million for the decaying, stuffed carcass of a shark? By what alchemy does Jackson Pollock’s drip painting No. 5, 1948 sell for $140 million? Economist Don Thompson explores it in his book, tracing the money, lust, and self-aggrandizement of the art world in an attempt … Continue reading The $12 Million Stuffed Shark