Current reading - The $12m shark

Once in a while it is important to be reminded of the bizarreness of the contemporary art market and I have recently acquired a book for precisely that purpose.

I actually quite like the Damon Hirst shark, though I was rather disappointed to discover that it was rotting away.  It was bought by the hedge fund manager, Steve Cohen, for the $12m quoted,  He is a multi-billionaire, so $12m is the equivalent of me paying about £6k for something.

Art is such a weird market - positional goods at their best, in which the object itself is relatively unimportant it always seems.  But if I could afford a large Rothko, I would definitely buy one!