Boom

Mad Money, Mega Dealers, and the Rise of Contemporary Art

By: Michael Shnayerson

Narrated by: Jonathan Davis

The meteoric rise of the largest unregulated financial market in the world - for contemporary art - is driven by a few passionate, guileful, and very hard-nosed dealers. They can make and break careers and fortunes.

The contemporary art market is an international juggernaut, throwing off multimillion-dollar deals as wealthy buyers move from fair to fair, auction to auction, party to glittering party. But none of it would happen without the dealers - the tastemakers who back emerging artists and steer them to success, often to see them picked off by a rival.

Dealers operate within a private world of handshake agreements, negotiating for the highest commissions. Michael Shnayerson, a longtime contributing editor to Vanity Fair, writes the first-ever definitive history of their activities. He has spoken to all of today's so-called mega dealers - Larry Gagosian, David Zwirner, Arne and Marc Glimcher, and Iwan Wirth - along with dozens of other dealers - from Irving Blum to Gavin Brown - who worked with the greatest artists of their times: Jackson Pollock, Andy Warhol, Cy Twombly, and more.

This kaleidoscopic history begins in the mid-1940s in genteel poverty with a scattering of galleries in midtown Manhattan, takes us through the ramshackle 1950s studios of Coenties Slip, the hipster locations in SoHo and Chelsea, London's Bond Street, and across the terraces of Art Basel until today. Now, dealers and auctioneers are seeking the first billion-dollar painting. It hasn't happened yet, but they are confident they can push the price there soon.

©2019 Michael Shnayerson (P)2019 Hachette Audio

One of my favorite books!

Worth a read even if you are not an art fan. Was sad when I was finished. Wanted to read it again.

Ultra-Insightful Window: The Dealing of Fine Art

Simply everything you wanted to know about the intriguing world of selling, buying and collecting fine art. It's as if you were listening to a confidential exchange of information between a cable's agents with all of its secrets laid bare. l could not stop listeming!

Excellent

Excellent, fast-paced, highly-informative, great research, wonderful story! Highly recommend this book. A great listen!!!

Well-researched and told, but needs visual aid and post-2020 update

A fascinating must-read for any art insider, who may not know how the biggest commercial blue chip galleries got their start. The narration for the audiobook is well-paced. The book would have benefited from a companion PDF to illustrate all the artists / artworks mentioned in the book, so you know what the author is talking about! I am surprised that Asia / Hong Kong was not mentioned until Ch. 22-24, when Chinese contemporary art started appearing on tastemakers’ radars as early as 2000. This book can also use an update on how Covid-19 changed the art market since 2020, with virtual viewing rooms at the air fairs furthering online sales.

Very informative

Good insight to the rise of galleries and influence on the art world. I recommend it if you are remotely interested in the visual arts and want to sell work at a high level.

great overview of the art market, and it's history

I highly recommend you read this book if you want to gain some in depth knowledge about the economic side of the art world.

Good but clubby

Good overview of modern art market, though at times it felt like the writer was listing names for no other purpose than to get them to buy his book. Best heard in tandem with an abstract expressionist coffee table book to be able to see the paintings being discussed. Narrative needed more explaining and less telling, but I came away much more interested about art and that's a good thing.

Young artist who just learned years worth of knowledge

This entire book hooked me in from the start. Not only does it feel like it’s always at the right pace so you don’t get board constantly hearing the same names over and over (that’s all the art world is) . Felt like an entire year of art school wrapped into a book

VERY GOOD

very entertaining, but also revolting in how the art market has become out of touch with art.

Outstanding

I didn’t want to put this book down. It defines and explains the contemporary art market. The key players, and how they’ve established and will potentially maintain or loose their positions. A great book for someone who knows nothing about the contemporary art world or for someone who is knowledgeable and a part of it for years. Highly recommend