and randomly MSN reports on it: http://www.msnbc.msn.com/id/20517869/?GT1=10252
An investment group? Couldn’t be Philip Hoffman of The Fine Art Fund in London – they know better. Maybe it’s that British trader Chris Carlson who has become known for his cheeky quotes, “I love the fact that the art market is unregulated – it’s a nice change from the other markets I’ve worked in” (The Art Newspaper, July/Aug. p. 48).
(I mean we all think this in the private sector, but who actually goes on record with that, he even has worse ones – - – “unregulation” means our clients are “unprotected”)
But Carlson’s self-proclaimed “first hedge fund for art”, The Art Trading Fund, is only worth $50 million, so they couldn’t even afford it.
The Art Newspaper also reports that the £50m ($100m) price was dropped to £38m ($76m), which of course Hirst’s agent denies…
And there is also huge speculation that Americans bought it !?
Tags: American art market, art market, “Damien Hirst For the Love of God”, contemporary art, contemporary collectors, diamond skull Hirst, Hedge funders fine art, Hedge funds and art market, hedge funds art, investing in art, investing in fine art, Lauren Gentile, Specullector, The Art Newspaper, White Cube
