Home LifeStyle  Arts & Culture Damien Hirst's Auction Is Sale of Century!

Damien Hirst's Auction Is Sale of Century!

Posted: Sep. 25th, 2008  |  By James Rothaar Freelance Writer |
RSS Syndicated News Email a Friend Suggest an Article Share Visit Website
Arts & Culture: It is the oddity that is a commodity! What else could be said after an art auction made up of pieces consisting animal carcasses and assorted garbage mixed with precious metals and gemstones sells for more than $200 million? The proof is in the numbers. According to Sotheby's press release, final sales resulting from Damien Hirst's Beautiful Inside My Head Forever auction were $200.75 million.

A record number of visitors, more than 21,000 people, attended the 11-day pre-sale viewings, and more than 4,500 attendees came through the turnstiles in just one day for a look-see. All 13 galleries at Sotheby's Bond Street location were required to handle the action of this auction, a first in Sotheby's 264-year history.

The event, which was Hirst's largest exhibition of works ever staged, also was the first-ever auction dedicated to the work of a single living artist. The final tally turned out to be more than twice the amount originally predicted by industry experts. Four pieces sold for more than $5 million, and 48 works sold for more than $1 million. Only three lots remained unsold at the last tap of the gavel, marking a sales-to-goods-auctioned ratio of 98.5 percent.

Holy Cow!

The Golden Calf, an embalmed calf made with 18 carat gold, glass, gold-plated steel, and formaldehyde solution with Carrara marble plinth, sold for the highest amount at more than $18.6 million. The Kingdom, a preserved tiger shark augmented by glass, steel, silicone, and formaldehyde solution with steel plinth, sold for approximately $17.2 million. Fragments of Paradise, which was the only one of the top four sans a preserved carcass of some sort, went for more than $5.3 million, and Here Today, Gone Tomorrow, consisting of fish, fish skeletons, formaldehyde solution, netted more than $5.3 million. The "four tops" of the auction sold for a combined total in excess of $50.4 million.

The registered bidders for the sale included many first-timers and newcomers to Sotheby's, as 16 percent of the total were new to Sotheby's, and 35 percent were new to its contemporary art department. Although many have criticize the assembly-line rollout of Hirst's renderings, as the artist does employ numerous artistic employees to complete his work, the number of folk interested in his work is staggering.

"I think the market is bigger than anyone knows. I love art and this proves I'm not alone and the future looks great for everyone!" said Damien Hurst at the conclusion of the Beautiful Inside My Head Forever auction.

While beauty may be in the eye of the holder, owners of art by Damien Hirst are holders of bona fide appreciating assets. Somewhere the spirit of Andy Warhol is either smiling or smirking.

For LxM James Rothaar

Related Topics : Lifestyle News
Share on Facebook Share
See Next Article
Related Articles
Featured Contributor
Nicolle MonicoNicolle Monico
You know when you hear a new song that causes you to take notice of the title so you can mentally...
Read More | View Profile
The Best of Luxury
Event Calendar

the holiday gift guide 2013

DISCOVER THE LIST >
1

Sony DSC-QX100 Smartphone Attachable Lens

Sony basically packed all the usual camera inner workings within the lens... more >

2

Flask Bangle by Cynthia Rowley

For the life of the party this Cynthia Rowley flask bangle holds three ounces... more >

3

Carbon Fiber Ciclotte

Designed and crafted in Italy, Ciclotte's luxury exercise bike models... more >

Day

Keeping Up with JustLuxe
Like Us on FacebookFollow Us on TwitterRSS Feeds
Sign Up for Our Newsletter!
Current News & Features
MINI Reveals Augmented Reality Eyewear with X-Ray Tech
Miami Beach's Boutique Louver House is Almost Half Sold Out Already
Chef Sylvain Desbois Shares Hearty Duck Confit Recipe From St. Regis Mexico City
Meet Scandinavian-Designed Vifa, Our New Favorite Source for Wireless Tunes
Five S. Pellegrino Young Chef Judges On How to Break Into the Industry in Round Table Video
Property Envy Host Lists $1.5 Million Mid-Century Palm Springs Desert Oasis
Sky High $11.7M Miami Beach Penthouse Offers a Pneumatic Elevator and Posh Designer Fixtures
Headed to the Masters Golf Tournament? Here's Why You Should Fly Private
Will the 2005 Mouton Rothschild Outshine the Renowned 2000 Vintage? (and Should You Invest?)
Here is How to Create This Cover-Worthy Quinoa Salad From The Ranch at Live Oak Cookbook
See the complete list

Best of Luxury

Finding the best in luxury can be a daunting task, which is why we've taken it on for you.
View All Best of Luxury
LivingLuxe. Exclusive Deals and Luxury Brands. Learn More
JustLuxe Galleries presents Popular Photo Galleries
Meet Our Writers Become a Contributor
The Brutal Deaths and Bright Afterlives: Catching Up With Our Favorite Dead Game of Thrones Characters
Mila Pantovich »
See More Contributors
THINGS WE LIKE