T.Magic
Artist
New Member
๐จ๏ธ 34
๐๐ป 0
April 2008
|
Hirst hopes to revolutionise art market , by T.Magic on Jun 24, 2008 22:35:11 GMT 1, A calf in formaldehyde with gold-plated horns and hooves leads a collection of previously unseen work by Damien Hirst that will be auctioned off this summer in a move that could revolutionise the sale of contemporary art.
A living artist has never before put a collection of brand new work straight on to the open market. Such pieces are usually sold through galleries and art dealers, usually to buyers who are known to them.
This method gives more control to the artist and opens up the sale to a much wider group of prospective buyers. Yesterday, art experts were predicting that the auction โ the highlight of which is the gold calf, Hirst's largest ever formaldehyde work โ could mark a turning point in the way artists sell their work. Indeed, Hirst himself hinted that "the world's changing โ ultimately I need to see where this road leads", adding that such an auction "[felt] like a natural evolution for contemporary art".
"Although there is risk involved, I embrace the challenge of selling my work in this way," he said. He also vowed not to stop selling through his galleries, which include White Cube and Gagosian in London.
Hirst's 2.15 metre bull sculpture, The Golden Calf, is crowned by a solid gold disc, while its hooves and horns are cast in 18-carat gold. The piece sits on a marble base, is encased in a gold-plated box, and is expected to fetch up to ยฃ12m.
The sale will also feature new paintings and works that revisit some of Hirst's favourite subjects, including butterflies, cancer cells and pills, while four pieces will be sold for charity.
Sotheby's is conducting the sale over two days in September, enough time for up to 180 works to be sold, according to experts. Qatar's royal family and the Scottish property entrepreneur David Roberts are said to be among the biggest buyers of Hirst's work, as are a number of wealthy Russians. Sotheby's has extended the pre-sale exhibition to 10 days โ double the normal length โ and has alerted museums and galleries in hope that some of the works will reach public collections.
Cheyenne Westphal, the chairman of Sotheby's contemporary art in Europe, said: "We are hoping museums and private collectors who make their artworks available to the public on a regular basis will be present."
She added that the latest creations took Hirst's large-scale sculptures to a "new level". "What's new here is the monumental scale and the use of gold," she said.
Melanie Gerlis, art market editor at The Art Newspaper, said : "This is another outlet for him, it is a way of widening his market."
www.independent.co.uk/arts-entertainment/art-and-architecture/news/hirst-hopes-to-revolutionise-art-market-with-golden-calf-851034.html
This should be interesting. I wonder if the other Big named artists will do the same. Won't be surprized 
A calf in formaldehyde with gold-plated horns and hooves leads a collection of previously unseen work by Damien Hirst that will be auctioned off this summer in a move that could revolutionise the sale of contemporary art. A living artist has never before put a collection of brand new work straight on to the open market. Such pieces are usually sold through galleries and art dealers, usually to buyers who are known to them. This method gives more control to the artist and opens up the sale to a much wider group of prospective buyers. Yesterday, art experts were predicting that the auction โ the highlight of which is the gold calf, Hirst's largest ever formaldehyde work โ could mark a turning point in the way artists sell their work. Indeed, Hirst himself hinted that "the world's changing โ ultimately I need to see where this road leads", adding that such an auction "[felt] like a natural evolution for contemporary art". "Although there is risk involved, I embrace the challenge of selling my work in this way," he said. He also vowed not to stop selling through his galleries, which include White Cube and Gagosian in London. Hirst's 2.15 metre bull sculpture, The Golden Calf, is crowned by a solid gold disc, while its hooves and horns are cast in 18-carat gold. The piece sits on a marble base, is encased in a gold-plated box, and is expected to fetch up to ยฃ12m. The sale will also feature new paintings and works that revisit some of Hirst's favourite subjects, including butterflies, cancer cells and pills, while four pieces will be sold for charity. Sotheby's is conducting the sale over two days in September, enough time for up to 180 works to be sold, according to experts. Qatar's royal family and the Scottish property entrepreneur David Roberts are said to be among the biggest buyers of Hirst's work, as are a number of wealthy Russians. Sotheby's has extended the pre-sale exhibition to 10 days โ double the normal length โ and has alerted museums and galleries in hope that some of the works will reach public collections. Cheyenne Westphal, the chairman of Sotheby's contemporary art in Europe, said: "We are hoping museums and private collectors who make their artworks available to the public on a regular basis will be present." She added that the latest creations took Hirst's large-scale sculptures to a "new level". "What's new here is the monumental scale and the use of gold," she said. Melanie Gerlis, art market editor at The Art Newspaper, said : "This is another outlet for him, it is a way of widening his market." www.independent.co.uk/arts-entertainment/art-and-architecture/news/hirst-hopes-to-revolutionise-art-market-with-golden-calf-851034.htmlThis should be interesting. I wonder if the other Big named artists will do the same. Won't be surprized |
|
|
|
Hirst hopes to revolutionise art market , by cashman on Jun 24, 2008 22:42:38 GMT 1, I think a couple of them could end up at chelski
I think a couple of them could end up at chelski
|
|
spirit
Junior Member
๐จ๏ธ 2,956
๐๐ป 516
August 2007
|
Hirst hopes to revolutionise art market , by spirit on Jun 24, 2008 22:47:03 GMT 1, A living artist has never before put a collection of brand new work straight on to the open market.
er...what about the artists who sold their work at Drewitts last week...
A living artist has never before put a collection of brand new work straight on to the open market. er...what about the artists who sold their work at Drewitts last week... |
|
kingleopald
New Member
๐จ๏ธ 211
๐๐ป 0
December 2007
|
Hirst hopes to revolutionise art market , by kingleopald on Jun 24, 2008 22:54:16 GMT 1, was wondering the same spirit!
was wondering the same spirit!
|
|
Winter
Junior Member
๐จ๏ธ 7,155
๐๐ป 4,461
March 2007
|
Hirst hopes to revolutionise art market , by Winter on Jun 24, 2008 23:24:36 GMT 1, Will it be on show in Sotheby's London? Definitely want to see it all before auction
Will it be on show in Sotheby's London? Definitely want to see it all before auction
|
|
T.Magic
Artist
New Member
๐จ๏ธ 34
๐๐ป 0
April 2008
|
Hirst hopes to revolutionise art market , by T.Magic on Jun 24, 2008 23:24:45 GMT 1, A living artist has never before put a collection of brand new work straight on to the open market. er...what about the artists who sold their work at Drewitts last week...
Totally agree but when you the Biggest Contempoary artist (Hirst) do it the same thing on an much bigger scale it's looked at a bit differently. The credit is never given to those who deserve it ;D
A living artist has never before put a collection of brand new work straight on to the open market. er...what about the artists who sold their work at Drewitts last week... Totally agree but when you the Biggest Contempoary artist (Hirst) do it the same thing on an much bigger scale it's looked at a bit differently. The credit is never given to those who deserve it ;D |
|
|
|
lee3
New Member
๐จ๏ธ 832
๐๐ป 1,290
November 2009
|
Hirst hopes to revolutionise art market , by lee3 on Jun 25, 2008 0:06:48 GMT 1, >>>The credit is never given to those who deserve it <<<<
From my vantage point, the "credit" for this novel idea does not lie with the artists but rather the auction houses who have convinced them to abandon the traditonal dealer avenue. It's an interesting way for the auction houses to add growth to their model and need only convince the originator of the work that they will profit from such a venture. Go ahead and credit the artists, that's exactly what the auction houses want you to do. This certainly isn't going to please any dealer and I will be interested to learn who is bidding at this Sotheby's sale. In essence, the primary dealers would be bidding in the short term against their long term survival and that doesn't make any sense to me.
>>>The credit is never given to those who deserve it <<<<
From my vantage point, the "credit" for this novel idea does not lie with the artists but rather the auction houses who have convinced them to abandon the traditonal dealer avenue. It's an interesting way for the auction houses to add growth to their model and need only convince the originator of the work that they will profit from such a venture. Go ahead and credit the artists, that's exactly what the auction houses want you to do. This certainly isn't going to please any dealer and I will be interested to learn who is bidding at this Sotheby's sale. In essence, the primary dealers would be bidding in the short term against their long term survival and that doesn't make any sense to me.
|
|
Blind Angle
Art Gallery
New Member
๐จ๏ธ 399
๐๐ป 0
July 2007
|
Hirst hopes to revolutionise art market , by Blind Angle on Jun 25, 2008 0:35:12 GMT 1, I agree with the sentiments above.....many artists, maybe lesser names than Hirst have done it before. I personally usually go to see all the Hirst exhibitions i can, not because i like everything he does, but because in between the fill there usually is a gem or two.
I got a couple of worries with this "new" way. The first is that this new work will disappear into private collections without having been properly exhibited at all. My point here is that it will only be on show in an auction selling venue rather than a venue that might do it justice......i might be wrong!
My other worry is that absolutely none of the work will go into any public collections at all. When the organizers say that they home that public institutions will be there to buy some of the work, that is pure smokescreen! Public institutions do unfortunately not have the funding to do these purchases any more as the prices are too high. They can only rely on some benefactor to donate the piece to them.
As for the artists selling directly to the customer i think (although we are a gallery......albeit a humble on line one) that this is of course the ideal situation. Personally prefer to buy my are from the artist himself!
I think that the justifications for the existence of galleries are for example:
Some artists (including quite a few i know) do not want to deal with the selling process themselves. This can be for reasons such as being uncomfortable setting a price on their own work or simply that they do not want to spend their time doing this. One such example is my missus who HATES selling.
Galleries can give totally unknown artists that they like the chance to display their work and get noticed beyond their own circles, be it in a proper gallery space or on line.
I have often thought about what is the justification for an on line gallery like ourselves.
We would first and foremost like to put on exhibitions, we organized one with Jef, but at the moment it is not practically possible for us to do so. I think that one of the exciting and liberating factors of now having a dedicated gallery space is that you are free to find a space to suit the art you are showing rather than the opposite. I think there are too many examples of great work forced into crap square white spaces.
If we are not putting on exhibitions we need to focus on finding new talent to promote and also to look at and possibly work with artists that send material to us. I always find it very interesting to open one of these emails, will i like it or not? Sometimes i do and sometimes i don't and a couple of the artists we feature have only come to our attention because they took the first step.
Basically i see ourselves as facilitators rather than anything else.
When it comes to resale of prints etc i think this can be a short term means to get started and noticed, but in the long run it is boring and does not give anything back to the artist.
Well bedtime! I'm rambling on probably going of on a tangent, but i do love this forum!
Good night!
Ragnar
I agree with the sentiments above.....many artists, maybe lesser names than Hirst have done it before. I personally usually go to see all the Hirst exhibitions i can, not because i like everything he does, but because in between the fill there usually is a gem or two.
I got a couple of worries with this "new" way. The first is that this new work will disappear into private collections without having been properly exhibited at all. My point here is that it will only be on show in an auction selling venue rather than a venue that might do it justice......i might be wrong!
My other worry is that absolutely none of the work will go into any public collections at all. When the organizers say that they home that public institutions will be there to buy some of the work, that is pure smokescreen! Public institutions do unfortunately not have the funding to do these purchases any more as the prices are too high. They can only rely on some benefactor to donate the piece to them.
As for the artists selling directly to the customer i think (although we are a gallery......albeit a humble on line one) that this is of course the ideal situation. Personally prefer to buy my are from the artist himself!
I think that the justifications for the existence of galleries are for example:
Some artists (including quite a few i know) do not want to deal with the selling process themselves. This can be for reasons such as being uncomfortable setting a price on their own work or simply that they do not want to spend their time doing this. One such example is my missus who HATES selling.
Galleries can give totally unknown artists that they like the chance to display their work and get noticed beyond their own circles, be it in a proper gallery space or on line.
I have often thought about what is the justification for an on line gallery like ourselves.
We would first and foremost like to put on exhibitions, we organized one with Jef, but at the moment it is not practically possible for us to do so. I think that one of the exciting and liberating factors of now having a dedicated gallery space is that you are free to find a space to suit the art you are showing rather than the opposite. I think there are too many examples of great work forced into crap square white spaces.
If we are not putting on exhibitions we need to focus on finding new talent to promote and also to look at and possibly work with artists that send material to us. I always find it very interesting to open one of these emails, will i like it or not? Sometimes i do and sometimes i don't and a couple of the artists we feature have only come to our attention because they took the first step.
Basically i see ourselves as facilitators rather than anything else.
When it comes to resale of prints etc i think this can be a short term means to get started and noticed, but in the long run it is boring and does not give anything back to the artist.
Well bedtime! I'm rambling on probably going of on a tangent, but i do love this forum!
Good night!
Ragnar
|
|
spencerlee
New Member
๐จ๏ธ 853
๐๐ป 27
May 2006
|
Hirst hopes to revolutionise art market , by spencerlee on Jun 25, 2008 8:46:59 GMT 1, A living artist has never before put a collection of brand new work straight on to the open market. er...what about the artists who sold their work at Drewitts last week...
Don't tell me Hirst isn't aware of Dr D 
A living artist has never before put a collection of brand new work straight on to the open market. er...what about the artists who sold their work at Drewitts last week... Don't tell me Hirst isn't aware of Dr D |
|
doughy
New Member
๐จ๏ธ 222
๐๐ป 1
May 2007
|
Hirst hopes to revolutionise art market , by doughy on Jun 25, 2008 10:35:58 GMT 1, >>>The credit is never given to those who deserve it <<<< From my vantage point, the "credit" for this novel idea does not lie with the artists but rather the auction houses who have convinced them to abandon the traditonal dealer avenue. It's an interesting way for the auction houses to add growth to their model and need only convince the originator of the work that they will profit from such a venture. Go ahead and credit the artists, that's exactly what the auction houses want you to do. This certainly isn't going to please any dealer and I will be interested to learn who is bidding at this Sotheby's sale. In essence, the primary dealers would be bidding in the short term against their long term survival and that doesn't make any sense to me.
Huh, he can't create his own ideas in the first place, just gets original artists to do things for him for a few ยฃk, then sells for ยฃm.
The original "true"artists never get the recognition.
>>>The credit is never given to those who deserve it <<<< From my vantage point, the "credit" for this novel idea does not lie with the artists but rather the auction houses who have convinced them to abandon the traditonal dealer avenue. It's an interesting way for the auction houses to add growth to their model and need only convince the originator of the work that they will profit from such a venture. Go ahead and credit the artists, that's exactly what the auction houses want you to do. This certainly isn't going to please any dealer and I will be interested to learn who is bidding at this Sotheby's sale. In essence, the primary dealers would be bidding in the short term against their long term survival and that doesn't make any sense to me. Huh, he can't create his own ideas in the first place, just gets original artists to do things for him for a few ยฃk, then sells for ยฃm. The original "true"artists never get the recognition. |
|
|
|
Hirst hopes to revolutionise art market , by cashman on Jun 25, 2008 11:43:26 GMT 1, >>>The credit is never given to those who deserve it <<<< From my vantage point, the "credit" for this novel idea does not lie with the artists but rather the auction houses who have convinced them to abandon the traditonal dealer avenue. It's an interesting way for the auction houses to add growth to their model and need only convince the originator of the work that they will profit from such a venture. Go ahead and credit the artists, that's exactly what the auction houses want you to do. This certainly isn't going to please any dealer and I will be interested to learn who is bidding at this Sotheby's sale. In essence, the primary dealers would be bidding in the short term against their long term survival and that doesn't make any sense to me. Huh, he can't create his own ideas in the first place, just gets original artists to do things for him for a few ยฃk, then sells for ยฃm. The original "true"artists never get the recognition.
like 
>>>The credit is never given to those who deserve it <<<< From my vantage point, the "credit" for this novel idea does not lie with the artists but rather the auction houses who have convinced them to abandon the traditonal dealer avenue. It's an interesting way for the auction houses to add growth to their model and need only convince the originator of the work that they will profit from such a venture. Go ahead and credit the artists, that's exactly what the auction houses want you to do. This certainly isn't going to please any dealer and I will be interested to learn who is bidding at this Sotheby's sale. In essence, the primary dealers would be bidding in the short term against their long term survival and that doesn't make any sense to me. Huh, he can't create his own ideas in the first place, just gets original artists to do things for him for a few ยฃk, then sells for ยฃm. The original "true"artists never get the recognition. like |
|
|
|
Hirst hopes to revolutionise art market , by carlito on Jun 25, 2008 11:47:37 GMT 1, I read in the paper not long ago, that he has a 'team' working on the spot paintings for instance - much like a lead designer in the project...one lady left and asked if she could take a painting as way of thanks to which she got a 'no' ..... alot of his pieces due to their nature and scale do tend to blur the lines of what a traditional artist does ....
altho it's nice to see a greater number people will be able to buy his work - it's still by price alone an incredibly small elite band of people...just maybe not his mates!
I read in the paper not long ago, that he has a 'team' working on the spot paintings for instance - much like a lead designer in the project...one lady left and asked if she could take a painting as way of thanks to which she got a 'no' ..... alot of his pieces due to their nature and scale do tend to blur the lines of what a traditional artist does ....
altho it's nice to see a greater number people will be able to buy his work - it's still by price alone an incredibly small elite band of people...just maybe not his mates!
|
|
|
|
Hirst hopes to revolutionise art market , by graeme501 on Jun 25, 2008 12:15:18 GMT 1, hirst didnt say no to that woman, he told her to paint one herself, as she was painting the other spot canvases, and didnt see the difference between her work and his, he said he'd be aswell giving her ยฃ70,000
i dont think she was a lead designer, its somewhere in his book i think
hirst didnt say no to that woman, he told her to paint one herself, as she was painting the other spot canvases, and didnt see the difference between her work and his, he said he'd be aswell giving her ยฃ70,000
i dont think she was a lead designer, its somewhere in his book i think
|
|
|
|
Hirst hopes to revolutionise art market , by carlito on Jun 25, 2008 12:22:44 GMT 1, I was saying Hirst works as the lead designer not her .... couldn't remember the story but I guess it's an interesting point if she does the painting and he signs it....who's the artist? he had the idea I guess....
I was saying Hirst works as the lead designer not her .... couldn't remember the story but I guess it's an interesting point if she does the painting and he signs it....who's the artist? he had the idea I guess.... |
|
|
|
doughy
New Member
๐จ๏ธ 222
๐๐ป 1
May 2007
|
Hirst hopes to revolutionise art market , by doughy on Jun 25, 2008 12:22:49 GMT 1, I think it was "Virgin Mother" a piece, or I believe originally 3 that sold in their ยฃm.
An old client of mine, his friend is a sculptor who did his own composition figures, which were selling for a few hundred to a few ยฃk each.
Hirst saw the example, asked him to make a scale sculpture with some very minor modifications to it, payed him a few grand for it, scaled it up to life-size figures, then sold without recognition of the "inspiration" by original artist for millions.
You could say it was the orignal artists own fault, but to struggling sculptors, he saw it as a potential oportunity.
I think it was "Virgin Mother" a piece, or I believe originally 3 that sold in their ยฃm.
An old client of mine, his friend is a sculptor who did his own composition figures, which were selling for a few hundred to a few ยฃk each.
Hirst saw the example, asked him to make a scale sculpture with some very minor modifications to it, payed him a few grand for it, scaled it up to life-size figures, then sold without recognition of the "inspiration" by original artist for millions.
You could say it was the orignal artists own fault, but to struggling sculptors, he saw it as a potential oportunity.
|
|
|
|
Hirst hopes to revolutionise art market , by graeme501 on Jun 25, 2008 12:33:07 GMT 1, hirst is a brand aswell as an artist
in the book, there is photo's of different people sitting painting the spot paintings, like a kind of andy warhol factory
hirst is a brand aswell as an artist
in the book, there is photo's of different people sitting painting the spot paintings, like a kind of andy warhol factory
|
|
|
|
Hirst hopes to revolutionise art market , by cashman on Jun 25, 2008 12:35:13 GMT 1, I read in the paper not long ago, that he has a 'team' working on the spot paintings for instance - much like a lead designer in the project...one lady left and asked if she could take a painting as way of thanks to which she got a 'no' ..... alot of his pieces due to their nature and scale do tend to blur the lines of what a traditional artist does .... altho it's nice to see a greater number people will be able to buy his work - it's still by price alone an incredibly small elite band of people...just maybe not his mates!
I know he has a similar factory system to Warhol. He gets top grads to sit and paint the spots, but its hardly them coming up with the idea and him taking credit for it.
I presume Banksy didnt stick the cctv camera's to the tree at cans....or make the rat sculptures or many of his other works over time.
In the words of the great philosopher 2pac...thats just the way it is
I read in the paper not long ago, that he has a 'team' working on the spot paintings for instance - much like a lead designer in the project...one lady left and asked if she could take a painting as way of thanks to which she got a 'no' ..... alot of his pieces due to their nature and scale do tend to blur the lines of what a traditional artist does .... altho it's nice to see a greater number people will be able to buy his work - it's still by price alone an incredibly small elite band of people...just maybe not his mates! I know he has a similar factory system to Warhol. He gets top grads to sit and paint the spots, but its hardly them coming up with the idea and him taking credit for it. I presume Banksy didnt stick the cctv camera's to the tree at cans....or make the rat sculptures or many of his other works over time. In the words of the great philosopher 2pac...thats just the way it is |
|
T.Magic
Artist
New Member
๐จ๏ธ 34
๐๐ป 0
April 2008
|
Hirst hopes to revolutionise art market , by T.Magic on Jun 25, 2008 13:24:01 GMT 1, I read in the paper not long ago, that he has a 'team' working on the spot paintings for instance - much like a lead designer in the project...one lady left and asked if she could take a painting as way of thanks to which she got a 'no' ..... alot of his pieces due to their nature and scale do tend to blur the lines of what a traditional artist does .... altho it's nice to see a greater number people will be able to buy his work - it's still by price alone an incredibly small elite band of people...just maybe not his mates! Great point. You took the words right out my mouth... ;D I know he has a similar factory system to Warhol. He gets top grads to sit and paint the spots, but its hardly them coming up with the idea and him taking credit for it. I presume Banksy didnt stick the cctv camera's to the tree at cans....or make the rat sculptures or many of his other works over time. In the words of the great philosopher 2pac...thats just the way it is
I read in the paper not long ago, that he has a 'team' working on the spot paintings for instance - much like a lead designer in the project...one lady left and asked if she could take a painting as way of thanks to which she got a 'no' ..... alot of his pieces due to their nature and scale do tend to blur the lines of what a traditional artist does .... altho it's nice to see a greater number people will be able to buy his work - it's still by price alone an incredibly small elite band of people...just maybe not his mates! Great point. You took the words right out my mouth... ;D I know he has a similar factory system to Warhol. He gets top grads to sit and paint the spots, but its hardly them coming up with the idea and him taking credit for it. I presume Banksy didnt stick the cctv camera's to the tree at cans....or make the rat sculptures or many of his other works over time. In the words of the great philosopher 2pac...thats just the way it is |
|
|
|
Hirst hopes to revolutionise art market , by cashman on Jun 25, 2008 14:14:13 GMT 1, think you wrote your comment somewhere in my post......
have a look coz atm you have just re-posted my post
(that doesnt make any sense Iknow  )
think you wrote your comment somewhere in my post...... have a look coz atm you have just re-posted my post (that doesnt make any sense Iknow ) |
|
T.Magic
Artist
New Member
๐จ๏ธ 34
๐๐ป 0
April 2008
|
Hirst hopes to revolutionise art market , by T.Magic on Jun 25, 2008 14:21:23 GMT 1, ^Oooopppppps. My mistake. Not sure where the comment went.
Thanks Mate.
^Oooopppppps. My mistake. Not sure where the comment went.
Thanks Mate.
|
|
jamesreeve5
Blank Rank
๐จ๏ธ 0
๐๐ป 0
September 2012
|
Hirst hopes to revolutionise art market , by jamesreeve5 on Jun 26, 2008 0:19:33 GMT 1, hmmm... doesn't he already have enough money as it is?
hmmm... doesn't he already have enough money as it is?
|
|
jamesreeve5
Blank Rank
๐จ๏ธ 0
๐๐ป 0
September 2012
|
Hirst hopes to revolutionise art market , by jamesreeve5 on Jun 26, 2008 0:19:52 GMT 1, post 500... yay
post 500... yay
|
|
|
|
|
|
)
