Art Investment

Damien Hirst and wholesale

Damien Hirst's company Science unhappy that the auction house Phillips de Pury sells the "picture-rotation" of the sets created by the artist in 2002, the separate lots

Damien Hirst
into a tailspin. How the world affects things. 2002
Source: artinfo.com

Company Damien Hirst (Damien Hirst) Science has complained that the auction house Phillips de Pury sells the "picture-rotation" Hurst (spinpaintings - pictures painted on a rotating canvas using a special mechanism), which together make up a larger work, as separate lots. However, according to Artinfo, Hirst company does not intend to take in this regard, any serious action. spokeswoman Phillips de Pury & Company said that "while neither company Science, neither Phillips de Pury Company did not make no change in pricing policy or the policy of selling these works. "representative of the auction house said that the two companies," there is complete understanding. "According to him, the firm is not banned the sale of Hirst's" art-rotation "separate lots, but recommended that the auction house to explain in his catalog that such work" is part of the whole collection of "works.

paintings in question include a series of 68 sets under the name" into a tailspin. As world acts on things, "created by Hearst in 2002. Each set is a box with 23 paintings, "lid" for the box is also the original "picture-rotation", which published a series of name and name of the author. As a result of the previous trading proved that the "picture-cover" goes under the hammer more than unsigned works from the core set.

So far, the largest auction houses often sell works from the collections as separate lots. According to the database Art Sales Index, a picture of one of the sets in March 2010 was sold as a separate item in London for 2275 pounds (3430 dollars). Another work from the same series in September 2009 went under the hammer at Christie's in South Kensington for 3750 pounds (6550 dollars). Some "picture-rotation "Hearst in recent years often appear at auction, but most of them can not find buyers." Paintings-cap "and complete sets of works, however, show good results in all three leading auction houses, bringing the amount in the range from 35 000 to 120 000 dollars.

And yet, despite these statistics and the wishes of the artist, the auction house, apparently, still continue to sell "wholesale sets," Hearst, which is called "retail "." selling works from the collection of individual lot does not change its nature: it is the same unique real "picture-rotation" Hirst sold at a price which is determined by market demand for it "- said Artinfopress Secretary Phillips.

One set of "art-rotation", which includes all the required 23 copies, is a collection of British contemporary art museum Tate Modern.

Prepared by Mary Estrova, AI

Source : artinvestment.ru


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