To a first approximation, that value is the amount that they would fetch if they went up for auction. The game then becomes buying work that will go up in value. Even the most highbrow and cerebral gallerists are forced to play this game. Indeed, hedge-fund managers, with their wealth and risk tolerance, are a prime target for any gallery owner looking for people willing to spend seven- or eight-figure sums on art works. This game, along with the ridiculous stakes that it is being played for, has disgusted many people who have left the art market as a result.
But Hirst arguably saw it coming, and got out early. After all, he was never the intended beneficiary. Charles Saatchi, for instance, bought a Hirst shark in formaldehyde for fifty thousand pounds, in ; he then made millions by selling it to the hedge-fund manager Steven Cohen, for a reported twelve million dollars, in Very, very few of those works have come up for resale. Maybe this means that galleries add less value than they like to think.
He explored his interest in the pharmacological age with such canvases as "Controlled Substances Key Painting" The work was part of a series known as spot paintings, but Hirst only painted a few of them.
He had other artists carry out his visions, much like Andy Warhol had done. In addition to being a creative visionary, Hirst has proved to be a savvy businessman. He has parlayed his fame and notoriety into an art empire, becoming one of the wealthiest living artists today.
Some compare him to Jasper Johns and Jeff Koons in his ability to command huge prices for his works. In , Hirst side-stepped his usual galleries to auction his work directly to the public. Hirst has also done well through selling prints and other items bearing some of his signature styles and images through his company, Other Criteria.
Hirst continued to push the boundaries of art. In , he unveiled "For the Love of God," a glittering, diamond-encrusted skull made of platinum. Many critics were less than impressed with this "celebration against death," as Hirst described.
Perhaps a sign of declining interest in his work, no one initially bought the piece. It was later bought by a group that included Hirst and London's White Cube gallery. In , Hirst exhibited a group of paintings, No Love Lost, Blue Paintings, which provoked the ire of many critics who labeled the pieces "dull" and "amateurish. These days, Hirst shows no signs of slowing down. He participates in exhibits around the world. Artist as subject.
Film and audio. Damien Hirst: Pharmacy — excerpt 1 Damien Hirst talks about his artwork Pharmacy with writer Gordon Burn, for Tate's online learning resource about the installation. They …. This symposium investigates the relevance of the sublime to …. Features Left Right.
Tate Etc. Look Closer. Art Term. Found object A found object is a natural or man-made object, or fragment of an object, that is found or sometimes bought …. Tate Papers. Tate Papers no. Next-to-nothing Steven Connor In Gertrude Stein wrote that in a painting there should be "no air You might like Left Right. Jake Chapman born Julian Opie born Back to list. April 20, Posted by The Artist Editorial. Here are some of the most revolutionary paintings of all time that shows the connection between art and politics.
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