Sotheby's and artist Damien Hirst troubled market

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Here is a fresh article from the newspaper Le Monde, wrote it, our old acquaintance Arri Bele (remember, I fraudulent shifted his article about the market).

Sotheby's and artist Damien Hirst troubled market

Le Monde, 12.09

In the art world there was a thunderous roar - 15 th and 16 th September in London auction house Sotheby's put up for tender last 223 works of British artist Damien Hirst. It is assumed that they will sell 65 million pounds (81.7 million euros). Specialized newspaper «The Art Newspaper» titled his article "Damien Hirst rewrote the rules of the market."

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The contemporary art market has never received such a slap in the face. Hurst violates the rule that all strictly followed since the late 19 th century: he decided to sell his latest work, most of them created in 2008, bypassing the gallery, directly from the producer to the consumer. Since then, as in 1908, the Henry Kanvayler organized a solo exhibition of the artist, from which all refused, Georges Braque, gallery, usually holding 50%of the transactions became mandatory element of the art market.
In France, the sale of works by Hirst, allowing him to receive 100%of the proceeds, would be banned, because theoretically the auctioneer has the right to stand up for auction new things. One artist, Jean-Pierre Raynaud sold his work at auction, but it was his old work, which for several months before the auction sales were exhibited at an exhibition in Nice.

To say that art dealers unhappy with a London sale of Hirst - it litotes. Patrick Borja, director of the Louis Carré Gallery and president of the committee of galleries, asks a question about the meaning of existence galleries. "Artists enjoy the galleries, to get fame, which is impossible to create in the short term. We regulate the market. I think that collectors of Hirst's outraged that a dangerous game. "

The fear of failure

This "strategic attack" Hirst designed to support its reputation as an artist-nisprovergatelya traditions. Hurst, who was born in Bristol in 1965 - one of Britain's richest artist, his fortune is estimated at 125 million Euro. In his workshop and small factory works 120 people. His fame is due to the collector and dealer in contemporary art Charzu Saatchi. In 1990, he bought the first of Hirst's work - "thousand year": a transparent box with the head of cows, which are teeming with flies and worms.
In 1992, Saatchi, the advertising makes Hirst and other artists of his generation, under the name of "Young British Artists". At the Venice Biennale of Hirst's work - a cow and calf cut in half along - caused a major scandal. He became the most expensive living artists, and his shark immersed in formalin killed, in 2004, the Saatchi sold to American collector for 12 million dollars.
In addition to the success of Saatchi Hirst ensured 2 galleries from the most significant in the world: London gallery Jay Jopling - who bystavil his first - and New York, Larry Gagosian Gallery. What do they think about these auctions, which leave them in the face? "They fully support this sale" - is responsible cheyenne Uestfel, head of the European branch of modern art Sotheby's.
Larry Gagosian offered no comment on the sale of Hirst, but according to the representative of the auction house, he assured that he would come and will participate in the auction. But it turned out that he had sent out invitations to collectors, journalists and a select audience - ie people whom he usually avoids - in which he invites them to participate at its expense in the opening of an exhibition in Moscow, and travel dates coincide with the dates of trades Hirst. If he wanted to make this sale a complete failure, he would behave differently!
But even without accounting for the Gagosian operation's success is not guaranteed. "Does Hearst is trying to ruin their own market" - wrote «The Art Newspaper» and continues, pointing out that at the last fair in Basel, many of his works were sold, and that at the present time, when activity declined slightly galleries, some poozrevayut artist that he decided to arrange a "funeral" fireworks marking the end of the boom in the market for modern art.
Indeed, 223 work at once - this has not happened. Sam Hurst understands this, in an interview with Le Figaro, he talked about his nightmares.
The risk is large, evidence of that - sensational news «The Art Newspaper», which states that Jay Jopling holds more than 200 unsold works Hursta. Newspaper gives a detailed list of these works that experts unanimously indicate the source of this information, so nevovremya appeared directly prior to the sale - is the very gallery. Jopling protested and said that the reservists galleries in such a quantity of work is nothing unusual. Cheyenne Uestfel of Sotheby's supports it: "Not all of the unsold works - the originals. Among them there are many replicas, re ... As for the rest, no comment. A 15 th and 16 th September.
But the Bloomberg news agency reported on September 11 in New York, Sotheby's shares fell by 8,4%- analysts anticipate failure.