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Why A Dead Shark Costs $12 Million

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Why A Dead Shark Costs $12 Million

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Why A Dead Shark Costs $12 Million

"The Physical Impossibility of Death in the Mind of Someone Living," by Damien Hirst. Regina Kuehne/Keystone/AP hide caption

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Regina Kuehne/Keystone/AP

Why A Dead Shark Costs $12 Million

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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.

Here's a slide show with some of the works we talk about in the podcast:

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.

Also on today's podcast: We talk about some of the last-minute changes to the big finance bill that cleared a conference committee today. For more on that, read our post from this morning.

Download the podcast, or Subscribe. Music: Sia's "Clap Your Hands." Find us: Twitter/ Facebook/ Flickr.