The author is Doug Woodham, and the subtitle is Market Insights for Everyone Passionate About Art.
I liked everything in this book, note that the author is a Ph.d economist, has been a partner for McKinsey and also held a major position for Christie’s.
That said, I felt it should have done much more to explain how art is used for money laundering, and also tax arbitrage through donations at inflated prices, based on corrupt appraisals. Those are big reasons why art prices for highly liquid works have boomed so much over the last few decades. Arguably art markets are some of the most corrupt markets in the Western world today.
Measured by the number of Instagram followers, the three biggest artists in the world today are Banksy, JR, and Shepard Fairey.
For deceased artists, the Twitter hashtags game is won by Warhol, Picasso, Dali, and van Gogh, with da Vinci, Monet, and Michelangelo coming next.
Of the 25 highest priced artists in the world today, as measured by auction sales, 8 of them are Chinese. How many of them can you say you are familiar with? On that list are Cui Ruzhuo, Fan Zeng, Zhou Chunya, Zhang Xiaogang, He Jiaying, Huang Yongyu, Liu Wei, and Ju Ming.
Here is more by Zhou Chunya.
Oscar Wilde once said: “When bankers get together for dinner, they discuss art. When artists get together for dinner, they discuss money.”
I can gladly recommend this book, noting it tells only part of the story.