The economist and author Don Thompson discusses the business of buying and selling art and his new book The Orange Balloon Dog: Bubbles, Turmoil and Avarice in the Contemporary Art Market (Douglas & McIntyre, 2017), with Joseph Planta.
|The Orange Balloon Dog: Bubbles, Turmoil and Avarice in the Contemporary Art Market by Don Thompson (Douglas & McIntyre, 2017).
Click to buy this book from Amazon.ca: The Orange Balloon Dog 
Text of introduction by Joseph Planta:
I am Planta: On the Line, in Vancouver, at TheCommentary.ca.
A lively look at the contemporary art market is had in the new book The Orange Balloon Dog: Bubbles, Turmoil and Avarice in the Contemporary Art Market. Its author Don Thompson joins me now, and I’ll get him to tell us about how the prices in today’s marketplace are driven by political and behaviour-based economics. In the book he looks at mood of buyers and sellers, just who these people are, and the volatility of the international market. Don Thompson is an economist and emeritus Nabisco Brands Professor of marketing and strategy of the Schulich School of Business at York University. He has degrees from the University of California, Berkley, and he has taught at Harvard Business School, and the London School of Economics. He has written twelve books, including the bestselling The $12 Million Stuffed Shark, and The Supermodel and the Brillo Box: Back Stories and Peculiar Economics from the World of Contemporary Art. This new book is published Douglas & McIntyre. Please welcome to the Planta: On the Line program, in Toronto today, Don Thompson; Professor Thompson, good morning.