Dark Side of the Boom

Regular price €25.99
A01=Georgina Adam
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art business
auction houses
Author_Georgina Adam
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Category1=Non-Fiction
Category=ABQ
contemporary art
COP=United Kingdom
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investment
Language_English
money laundering
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Panama Papers
Price_€20 to €50
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softlaunch

Product details

  • ISBN 9781848222205
  • Dimensions: 153 x 234mm
  • Publication Date: 05 Jan 2018
  • Publisher: Lund Humphries Publishers Ltd
  • Publication City/Country: GB
  • Product Form: Paperback
  • Language: English
Delivery/Collection within 10-20 working days

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This book lifts the lid on some of the excesses that the 21st-century explosion of the contemporary art market brought in its wake, notably at its very top end. The buying of art as an investment, temptations to forgery, tax evasion, money laundering and pressure to produce more and more art all form part of this story, as do issues over authentication and the impact of the enhanced use of financial instruments on art transactions.

Drawing on a series of revealing interviews with artists, lawyers, dealers, law-enforcement agents, tax specialists and collectors, the author charts the voracious commodification of artists and art objects, and art's position in the clandestine puzzle of the highest echelons of global capital. Adam's revelations appear even timelier in the wake of the Panama Papers disclosures, for example incorporating examples of the way tax havens have been used to stash art transactions – and ownership – away from public scrutiny.

With the same captivating style of her bestselling Big Bucks: The Explosion of the Art Market in the 21st Century, Georgina Adam casts her judicious glance over a section of the art market whose controversies and intrigues will be of eye-opening interest to both art-world players and observers.

Georgina Adam is a journalist and author who has covered the global art market for over 30 years. She is a contributor to the Financial Times and The Art Newspaper, where she was Art Market Editor from 2000 to 2008 and is now Editor at Large. She is the author of Big Bucks: The Explosion of the Art Market in the 21st Century (Lund Humphries, 2014).