Word: artful
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...global sales campaign may be a good idea. In August, the Art Newspaper reported that Hirst's London gallery White Cube had a backlog of over 200 of his unsold works, worth more than $185 million. If the story is correct - the gallery says it's not, but hasn't detailed how many Hirsts it has on hand - it would mean that Hirst has run into that age-old problem of factory production: excess inventory. A few weeks ago Bloomberg.com quoted Robert Sandelson, a London gallerist who has dealt in Hirst, about the "pressure" that overproduction has placed...
...will be the star of a much hyped two-day sale of 223 works by Hirst that begins on Sept. 15. This will be the first time any auction house has sold a quantity of work fresh out of an artist's studio. As auction prices for contemporary art have rocketed ever higher, galleries have been dreading this very possibility: that a famous artist would bypass his dealers - who usually get a cut of roughly half of a work's sale price - and make straight for the auction houses. (The auctioneer's fee is paid by the buyer...
...rented warehouse in the London docklands. He persuaded figures of consequence in the British museum world to take a look, and over the next few years whipped up a storm of coverage from a British media that, in those days, rarely paid much attention to new art, except to stick out its tongue. "I grew up in a background of people who weren't into art," he recalls. "They'd say: 'If you can do a drawing that looks like me and you can put it in a pub and people think that's me, that's art. Not what...
...Within the art world, the announcement of Hirst's Sotheby's sale did not really come as a surprise. The last few years have seen a phenomenal increase in auction prices for contemporary art. Many of the buyers come from Russia, Asia and the Middle East, where a new class of billionaire collectors has emerged. It was none other than the royal family of Qatar that briefly made Hirst the most expensive living artist at auction last year by paying $19.2 million for Lullaby Spring, one of his medicine-cabinet pieces...
...retreat for New York millionaires. It also went to New Delhi, to wink at India's increasingly powerful collectors. In June Hirst flew to Kiev to attend a Paul McCartney concert and a party hosted by Victor Pinchuk, a Ukrainian steel billionaire who owns seven Hirsts and a private art museum. A month later the artist gave a private tour of some of the Sotheby's work to Daria Zhukova, a young, London-based art impresario. Her boyfriend is Roman Abramovich, the Russian owner of Chelsea Football Club, who this year alone was widely presumed to be the buyer...