Trend in sight

Hirst after Hirst

Art Market | For a period of time the most expensive artist on the market, the last several years have seen a decline in YBA leader Damien Hirst’s prices while the number of unsold works in auction has risen. A study dividing the 422 Sotheby’s New York, Hong Kong and London sales of his work from 2005-2016 into three periods – excluding multiples and editions – shows a significant deterioration in the artist’s market value.

Damien Hirst devant l’une de ses Spot Paintings © Andrew Testa pour The New York Times
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Damien Hirst devant l’une de ses Spot Paintings
© Andrew Testa pour The New York Times

The high-water mark of the 2000’s

In the 2005-2009 period, 70% of auctioned works were sold for more than their high estimate (200 of 286 lots) while only 6% went unsold (17 works). In 5 years, […]

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Damien Hirst devant l’une de ses Spot Paintings © Andrew Testa pour The New York Times Auctioneers at work in London on Monday at the Sotheby’s auction of Damien Hirst works © Credit Daniel Berehulak/Getty Images Installation view ’DAMIEN HIRST: The Complete Spot Paintings  1986–2011’ © Photo by Matteo Piazza Damien Hirst - Relics - Alriwaq Doha © qatar museums authority L’oeuvre ’Beautiful, shattered, mellow, exploding, paint-filled balloons painting’ (1996) vendue en 2008 pour 931.041$ et revendue en 2013 pour 647.708$ (-30.5%) © Damien Hirst L’oeuvre ’Bill with shark’ (2008) vendue pour 562.185$ en 2008 et revendue en 2010 pour 278.500$ (-51.5%) © Damien Hirst L’oeuvre ’Beautiful kali psychopathy intense painting (With extra inner beauty)’ (2008) vendue pour 217.605$ en 2008 et revendue en 2014 pour 127.721$ (-41%) © Damien Hirst

Damien Hirst devant l’une de ses Spot Paintings
© Andrew Testa pour The New York Times

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