“They don’t seem to want to work in the winter, and when it rains too much, their silk becomes viscous and cannot be used” that sounds a lot like me! But seriously, these spiders produced a stunning work of art. Hopefully it will travel from the American Museum of Natural History (in NY) to the permanent collection of the Smithsonian National Museum of Natural History (in DC).
Archive for the ‘diamond skull Hirst’ Category
Rob Cox from the Dow Market Watch presents a new way to look at the skull
The skull cost $24m to create (in raw materials) – that was probably split with his dealer and assembled with the help of Bond Street jewellers Bentley & Skinner. Thus, the price paid represents just four times the cost of production.
Assume that Hirst split the $100 million with the White Cube Gallery or his dealer, Jay Jopling (who financed 1/2 the cost of the materials)
That leaves Hirst with $13 million after deducting his original investment.
“But if the art market is really turning, perhaps Hirst should go back to the sharks. The up-front investment is a lot lower” (Rob Cox).
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 !?
Another interesting twist on “the investment group” that bought the Hirst skull – Hirst is a member
Damien Hirst, procurer of the quote “Art is the most fabulous currency” has been kind enough to make For the Love of God available for all of us to own! The platinum sculpture is of a skull and is the most expensive piece of art available. With its 8,601 flawless diamonds and a price tag of £50 million ($100 million), White Cube (London) and Hirst have created the peak of the alpha market.
So far, George Michael and his partner have been the only collectors to express interest in the work (still unsold as of friday); but Hirst, who was once the protégé of the marketing genius and art market master Charles Saatchi, has made skulls for all collecting levels. Multiples are being offered first for the beta market buyers, in an edition of 20 with a price tag of £25,000. The 8 inch replica is in plastic with “spin art“. For the delta market, in an edition of 250, you can choose between 3 different diamond dust silkscreen prints, 40 x 30 in and £10,000 each. And for those of you in the gamma market, in an edition of 2,000 - a 13 x 10 screenprint for £900 (or $2000).
You can even buy some t-shirts for £30 each – if only Hirst could remerchandise the Phillips Collection gift shop…
All in all, anyone who buys anything in an edition of 2,000 is insane – that is not fine art, it is memorabilia – it will not gain value, it will not even retain its value. So before you spend $2000 please remember that 1,999 others also will own a copy of your cherished 10 x 13 inch diamond skull picture
Hirst could even decide to produce artist proofs in the future – for the love of god…