Article: Damien Hirst to Dealers: Drop Dead.

The $12 Million Stuffed Shark:

The Curious Economics of Contemporary Art

By Don Thompson

Palgrave MacMillan, 256 pages, $24.95

On Sept. 15 and 16, Sotheby's auctioned off 223 new works by British artist-provocateur Damien Hirst, who raked in $200.7 million (having already, over the course of his relatively brief career, amassed a purported billion--billion--dollar fortune). I know: Your eyes are glazing over at news of yet another record-setting auction of outrageous contemporary art. But that's because you've misplaced the emphasis--it's not that it's Damien Hirst or that it's contemporary, it's that the works are new, as in produced within the last two ...

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