Showing posts with label Damien Hirst. Show all posts
Showing posts with label Damien Hirst. Show all posts

Monday, November 30, 2009

Damien Hirst, Nothing Matters - Cruel press clipping !!!!


OK, let's put it that way: we don't care about Damien Hirst and we think there so many more better artists than him (and cheaper !!! there's justice for collectors !!). We gathered some cruel statements from the press and some of them are hillarious !

Charles Darwent, The Independent

Bad Painting, done well, has a solid place in 20th-century art. But there is Bad Painting and bad painting, and Hirst's work is the second.

Could the younger man's return to paint on canvas mark an admission that the Britart experiment has, in the end, been a failure? Seen like this, the dreadfulness of Hirst's painting might be excused as intentional, a sign that something has been lost in British art and that that loss is irreparable.

I left with a sense of sadness that a man whose pills and diamond-covered skull will remain icons of his time should have been laid so low.

Jonathan Heaf, GQ Magazine

Hirst - now less 'Bad Boy' and more the 'Bono' of Brit art'

Laura Cumming, The Observer

Hirst has no feeling for the things he paints, so nothing here has the graphic force and register of his sculpture, and the images are the opposite of what collage (his modus operandi) should be – subtle, coherent, significantly arranged. You can't get any feeling off these cannibalised Bacons at all.

But there is, I think, something profound at stake for Hirst himself. In the portrait of Angus Fairhurst, there is a palpable sense of effort, struggle, genuine perplexity. The fear of death, at last, is not theatrically faked.

Friday, February 27, 2009

Chronology of the art crunch !

We have gathered some keys dates and events of the economic crisis and the main contemporary art auctions to show how the art market has followed the same declining trend as all other assets in the world (in bold, art related events):


July 10, 2007: So-called credit crunch starts with the downgrade of some $12 billion of subprime debt by rating agency S&P.

October 1, 2007: UBS announces $3.4 billion losses from sub-prime related investments; this announcement is the first of many to come.

January 21, 2008: global stock markets experience their most serious drop since 9/11.

March 17, 2008: JP Morgan acquires Bear Stern for $240 million; 12 months earlier, Bear Stern was valued $18 billion.

May 13, 2008: Christies sales for $348.26 million of post war and contemporary art.

May 14, 2008: Murakami’s “My Lonesome Cowboy” sells at Sotheby’s for $13.5 million while estimated $3-4 million. The auction achieved $362.03 million in 73 lots. During that auction Francis Bacon’ “Triptych 1976” sold for $86.28 million becoming the most expensive work of contemporary art ever auctioned.

June 2008: ArtPrice annual report announces that contemporary art sales generated EUR 980 million between june 2007 and june 2008, up 50% on the previous year for a volume of transactions roughly equivalent.

July 31, 2008: UK Nationwide announces the biggest fall in house prices (8.1%) since it started its survey in 1991

September 15, 2008: Wall-Street bank Lehman Borthers files for Chapter 11 bankruptcy protection. The same day, Merrill Lynch agrees to be taken over by bank of America for $50 billion.

September 15, 2008: Beautiful Inside My Head Forever, Part I, Damien Hirst sales for £70,545,100 (including buyer’s premium).

September 16, 2008: The US Federal Reserve rescues insurance company AIG with a $85 billion package.

September 16, 2008: Beautiful Inside My Head Forever, part II, Damien Hirst sales for £40,919,700 (including buyer’s premium).

September 17, 2008: UK’s biggest mortgage lender HBOS is taken over by Lloyds TSB for £12 billion.

September 25, 2008: US mortgage lender Washington Mutual is closed down by the US regulators and sold to JP Morgan Chase.

October 17, 2008: Sotheby’s contemporary art sale in London struggled to find bidders and fetched £22 million with fees versus a lower estimate of £30.6 million.

October 18, 2008: Philips-de Pury auctions fetched only £5 million versus a lower estimate of £18.6 million; this includes Murakami’s sculpture “tongari-kun” failure to attract a single bid while expected to attract at least £3.5 million.

November 26, 2008: The European Commission release EUR200 billion in an attempt to save millions of European jobs.

December 1, 2008: The US recession is officially declared by the national Bureau of Economic Research

January 23, 2009: The UK officially entered a recession as fourth quarter 2008 GDP falls by 1.5% compared with previous three months.

February 11, 2009: Christies London sales 79% of a 29 lots offering in a 36 minutes auction representing £8.4 million with fees (88% below the £72.9 million achieved at the equivalent option the previous year).

More to follow…

Friday, February 13, 2009

Notice to the art crowd

Photographed at The Half King in Chelsea, New-York, on 12 February 2009
The writing aside says: "Too bad, his millions haven't"