Do I hear $12 million? I do?

The economics, marketing behind high-priced art

Jeff Koons's ''Pink Panther'' (1998) sold for $1.8 million, four times the price of any previous Koons works. (''The $12 Million Stuffed Shark'')

By James Sullivan

October 19, 2008

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The $12 Million Stuffed Shark: The Curious Economics of Contemporary Art By Don Thompson Palgrave Macmillan, 268 pp., illustrated, $24.95 In "The Philosophy of Andy Warhol," the late, platinum-bewigged icon offered his advice on the purchase of outrageously expensive art. "Say you were going to buy a $200,000 painting," he wrote. "I think you should take that money, tie it ... (Full article: 929 words)