When art changes the world

Plaza Magazine US & International - - CONTENTS - WORDS SANNA SA­MUELS­SON

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.

Newspapers in English

Newspapers from USA

© PressReader. All rights reserved.