Damien Hirst's Auction Gamble

With much news and controversy surrounding today’s opening of Damien Hirst’s massive auction Beautiful Inside My Head Forever, The Wall Street Journal offers a perspective on the massive undertaking. With millions of dollars at stake, the auction and its surrounding events have raised some interesting issues including how Hirst’s auction is anticipated to become the most expensive auction of artwork from any living artist ever, the decision to bypass galleries straight for an auction format and how such expensive art fits in the current economical landscape. Few if any will ever own a piece of Damien Hirst art, however the Sotheby’s catalog for this auction is available for $80 but faces an almost certain increase in value.

Source: SuperTouch