The Hirst sale 'bloodbath'
September 12 2018
Picture: Artnet News
There's an interesting article from Tim Schneider on Artnet News about the Damien Hirst sale at Sotheby's in 2008. Schneider has tracked down the subsequent sale history of 19 works that featured in the sale, and it turns out they've mostly lost money. Says Schneider, eloquently:
Instead of a formaldehyde tank, the best fluid measure here is a bloodbath. After enticing buyers to spend $8.1 million at “Beautiful Inside My Head Forever,” the same 19 works only managed to bring in about $5.2 million after they each mounted the auction block a second time—a collective loss of nearly $3 million.
More here.
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