Saturday February 26th 4-6pm
(Welcome Reception 4-4:30pm)
Sunday February 27th 7-9pm
(Welcome Reception 7-7:30pm)
Free and open to the public.
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The Contemporary Art Market Post Financial Crash 2008 - Where does the market go from here? By Don Thompson - Author of ‘The $12 Million Stuffed Shark’
2 Part Lecture
Saturday, February 26th – Intro to The Curious Economics of Contemporary Art
Don Thompson discusses the famous $12 million stuffed shark, and other examples of the curious economics of the world of contemporary art. Why has Damien Hirst, the man behind the shark, and most of whose work is produced by technicians, become the highest-earning artist in history, with an estate double that of Pablo Picasso and Andy Warhol combined? Why do identical works of art bring much more at auction than from a dealer? What is the Byzantine process that brands some artists, dealers, and auction houses such that the work they handle brings a substantial premium?
Sunday, February 27th – The Contemporary Art Market Post Financial Crash 2008
Demand and prices for most high-end contemporary art fell after the financial crash of 2008 and have not yet recovered. But the very top of the contemporary market held; a major reason is to be found here in the Emirates, Qatar and China. Don Thompson takes us through the curious history of contemporary art from the crash to now: the Hirst auction in London, the sale of the decade in Paris, the trophy wife art auction in New York, plus the rise of Chinese and other non-western art. Where does the market go from here?
About Course Professor: Don Thompson
Author of 2008 best-seller ‘The $12 Million Stuffed Shark: The Curious Economics of Contemporary Art’, now published in 10 languages. Thompson is a professor in the Schulich School of Business in Toronto, has taught at Harvard University, and held visiting positions at University College London, the London School of Economics, and the University of Toronto amongst others. He has undertaken 90 visiting lecturer appearances in 10 countries. His most recent book, Oracle, on economic prediction, will be published in spring 2011.