Saturday, December 11, 2010

The Economics of Art


Why does Damien Hirst's The Physical Impossibility of Death in the Mind of Someone Living (also known as a shark in formaldehyde) sell for $12 million dollars?  Is art a better investment than stocks and bonds?

Check out this Podcast done by NPR's Planet Money team: Why A Dead Shark Costs $12 Million Dollars

p.s. The first 5 minutes of the podcast is about the old finance reform bill so ignore it.

No comments:

Post a Comment