Blogs Culture
Damien Hirst's Insanely Successful Sale
Alia al Senussi September 23rd 2008
So after a relatively sleepy summer the fall art season has kicked off with a bang with Damien Hirst’s insanely successful auction at Sotheby’s! Interestingly enough, the sale was on the same day as the collapse of Lehman Brothers and continued for 2 days with no signs of any effect on the art market (although whispers have it that Hirst’s dealers and galleries were those that bought the majority of works).
Frieze will prove more or less that the art market is here to stay—it seems people are more comfortable pouring their money into tangible assets than they are into stocks or bonds in the present atmosphere! I definitely know what to say now when my parents tell me I don’t save enough: “My savings are all on my walls!”
Frieze will prove more or less that the art market is here to stay—it seems people are more comfortable pouring their money into tangible assets than they are into stocks or bonds in the present atmosphere! I definitely know what to say now when my parents tell me I don’t save enough: “My savings are all on my walls!”
$100m disco ball ... simply divine
"The most expensive piece of contemporary art ever created," the press release for Hirst's opening at the White Cube galleries in London pointed out, in case anyone had missed the point. Forget about art as the new market -- it's the new religion!
”The $12mn Stuffed Shark
Actually, i just finished a book called "The $12mn stuffed shark" by Don Thomas, which talks about the economics of contemporary art - contemporary art has totally changed - more than a religion it is an amazing marketing campaign.
I highly recommend the book to anyone interesting in art today - an easy and interesting read about the "insides" of art galleries, auction houses and artists today.
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