The formula for selling a million-dollar work of artby Vox 2 years ago
Some dead sharks are worth $12 million.
The biggest factor in the price of art often isn't quality, or effort – it's branding. But when a new artist steps into the art market, he or she has no reputation – no branding. That's where art dealers come in. They promote, educate, and help artists to gain fame and success.
To learn more about the economics of the art market, you can get Don Thompson's "The $12 Million Stuff Shark" here: https://www.amazon.com/Million-Stuffed-Shark-Economics-Contemporary/dp/0230620590
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