Damien Hirst certainly knows how to play the art market with moves like his $78 million diamond-encrusted skull, which is owned by a consortium of investors including the artist himself (and soon to be shown at the Tate Modern), or bypassing his galleries to go direct to Sotheby's where the auction smashed top estimates to reach a record total of $125m.
His latest art-market venture is to supply all of Larry Gagosian's galleries world wide with exhibitions of his spot paintings. It's the kind of move that once prompted critic Jerry Saltz to call Hirst "a symptom of the hype, the hubris and the money that have swamped the scene lately." When asked whether he worried about the art market's capacity to absorb another round of spot paintings, Hirst was quick to come up with several answers. Read more...
Image: Damien Hirst
