When art changes the world
Certain art has a tendency to create unpredictable surges, we highlight ten historic events.
On the 15th September 2008, the British auction house Sotheby's hosted a two-day auction with the globally acclaimed artist Damien Hirst. The auction, which placed 223 new pieces on the market, reached a turnover of 111 million pounds. The very same day the global financial services firm Lehman Brothers filed for bankruptcy. Their collapse would later affect the entire world economy. Hirst's auction, meanwhile, turned over ten times the amount of the previous sales record of a single artist auction, that of Pablo Picasso in 1993. Hirst's piece, The golden calf, a formalin bull endorsed with 18 carat gold details, sold for 10.3 million pounds. But the high turnover was not the only notable aspect that day. Hirst's decision to go along with Sotheby's, and not via his British gallery White Cube, was an unexpected move which meant that the auction revenues went straight into his pocket.
The golden calf by Damien Hirst.