IN 2008 just over $270m-worth of art by Damien Hirst was sold at auction, a world record for a living artist. By 2009 Mr Hirst’s annual auction sales had shrunk by 93%—to $19m—and the 2010 total is likely to be even lower. The collapse in the Hirst market can partly be ascribed to the recession. But more important are the lingering effects of a two-day auction of new work by Mr Hirst that Sotheby’s launched in London on September 15th 2008, the first session of which took place the very evening that Lehman Brothers went bankrupt. The average auction price for a Hirst work in 2008 was $831,000. So far in 2010 it is down to $136,000. [The Economist]
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well his art is about death…now his art really has meaning in that it has finally died…thank god
It seems like investor confidence is even down in the art market!
Seriously though, why would anyone pay such sums for modern art? Neoteric art is just nothing more than pseudo-intellects pretending to be “deep” and “in-depth.” But excuse me, a dot on a canvass cannot compare to a Munch, Vermeer or Modigliani.
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thank you jesus or what/whoever the art asshats believe in. I know a guy who will stuff anything you want for under 2 grand. You can float it in whatever floats ….
thank you jesus or what/whoever the art asshats believe in. I know a guy who will stuff anything you want for under 2 grand. You can float it in whatever floats ….
Wow, prices fell through the floor. I never thought the Chinese would learn how to pirate and mass produce counterfeits that quickly.
You don’t say…You mean his stuff is actually just grotesque shock-value garbage?