For those interested in how contemporary art became the hot craze that it did, take some time to read “The Supermodel and the Brillo Box: Back Stories and Peculiar Economics from the World of Contemporary Art”. This book, by bestselling author, Don Thompson outlines the underlying factors that brought contemporary art to the forefront following the massive economic turmoil in 2008. Branding, status and money all came into play and helped contemporary art prices surge in recent years. Among others, Thompson explains the changes that took place at the premier auction house following the Crash of 2008 and the utter domination of Christie’s and Sotheby’s. Aptly titled, the story of how a sculpture of 1990’s supermodel Stephanie Seymour went on to fetch a cool $2.4 million is pivotal in helping understand this existing situation.
Photo courtesy of: ArtNews.com
