Medical locker Hirst purchased for less than $800, put up for auction with a million estimate
ARTinvestment.RU   16 января 2020

It идtт about one of the earliest installations Hirst, created in the late 1980-х years

speaking of a good investment and about the importance of wait time.

the work of the "Body" by Hirst in 1989, — part of a series of early installations, which is a medical lockers-витрины filled with different types of medication or medical AIDS and equipment. Hurst said that the creation of this series, had caused him "the gullibility of people to medicine and lack of faith in art."

the Installation will be exhibited at the London auction of 20th Century & Contemporary Art Evening Sale of Phillips auction house in the near February. Its preliminary estimate of £1.2–1.8 million (us$1.6–2.3 million). And despite the fact that this estimate does not record (or even not that very high) for creativity Hirst, it gives a good example of profitability of work of the artist. After all, in the primary market this installation was bought by the collector Robert Tibbles, collecting works by artists of the YBA (Young British Artists), soon after its creation, in 1989, for logical then £600 ($782). Thus, for 30 years, the price on the secondary market has increased in 2,5 thousand times. And even if we assume that Hurst — is the only "shot" the artist "young Britons" (and it is not so: almost every artist of this Association has achieved certain heights), this attachment can be considered very successful.

Just a collection of Robert Tibbles The Robert Tibbles Collection: Young British Artists & More includes 30 items including six works by Hirst. The expected total cost could reach £4 million ($5 million). All 30 works, including "the Body" in 1989, will be sold at auction Phillips 20th Century & Contemporary Art, New Now, Photographs and Editions in 2020.

Source: edition.cnn.com, phillips.com, bbc.com



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