Why A Dead Shark Costs $12 Million | WBEZ
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Planet Money

Why A Dead Shark Costs $12 Million

On today's Planet Money: Why a dead shark costs $12 million, and a photo of steel wool that looks like a tornado costs $1,265. In other words, we wade into the economics of the art world. For more, read Ed Winkleman's blog and check out his gallery. Browse the works of Matthew Albanese, the man behind the steel-wool tornado. And read "Art Investment as Floating Crap Game" by William Baumol, an economist and artist. Note: This episode was originally posted in 2010. Music: Sia's "Clap Your Hands." Find us: Twitter/ Facebook/Spotify/ Tumblr. Download the Planet Money iPhone App.

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