Word: hirst
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Dates: during 2000-2009
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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...
...dealers Hirst will continue to work with are two of the most prominent in the business: the American Larry Gagosian (who has galleries in New York City, Los Angeles, London and Rome) and Jay Jopling, a longtime friend of Hirst's who owns London's White Cube gallery. When Sotheby's announced the Hirst sale, it immediately set off speculation that other artists - the ones with enough clout - would also bolt the gallery system. The two most obvious possibilities are the American Jeff Koons and the Japanese Takashi Murakami. Both have, just like Hirst, global name recognition and a squad...
...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...
...Artists, however, don't ordinarily get a dime from auction sales of their work. The money goes to the sellers and the auction house. But where is the rule that an artist can't sell his own work at auction? And it was always likely that Hirst would be the first artist to do that. He has the production capacity to supply a big sale, the name recognition, and a relationship with Sotheby's that began four years ago with a London auction of just about everything that wasn't nailed to the floor at Pharmacy, a celebrity-magnet restaurant...
...Spin Cycle Complete Over the summer the Sotheby's sale - which has one of those wonderfully daft Hirst titles, "Beautiful Inside My Head Forever" - got the kind of presale treatment that Boeing and Airbus give the rollout of a new jetliner. In August a selection of the material was shipped for viewing to the Hamptons, the weekend 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...