Category: Art Work Discussions

Damien Hirst collectors lose thousands as expert calls plummeting value ‘a bloodbath’

Controversial artist dubbed a ‘marketing genius’ was apparently less of an investment than collectors first thought

Artworks by Damien Hirst have reportedly plummeted in value since he shattered the world record for an auction sale in 2008. 

The Beautiful Inside My Head auction raised a whopping £111m for the artist over two days, even as the financial markets collapsed amid the subprime mortgage scandal. 

Artworks are often bought by collectors as long-term investments, with the hope that they will increase in value over time as the artist’s reputation grows. 

However, experts at website Artnet have discovered that 17 of the 19 Hirst works sold since the 2008 auction have actually depreciated in value, with a total loss of around £2.2m. 

A painting of a skull titled Beautiful Mider sold for £670,000 in 2008, but was sold last year for £449,000. The Times notes that the loss for the seller will have been worse due to buyer’s premium, seller’s fees and storage costs. 

Tim Schneider of Artnet said it was not a case of one or two works dragging down the average worth. “Instead of a formaldehyde tank, the best fluid measure here is a bloodbath,” he wrote. “Is this grim total just a matter of a few horrendous results pulling down the rest of the group by association? Individual results thunder back a loud ‘no’.

Art economist and author Don Thompson said it was unlikely that collectors who bought Hirst’s work as an investment would ever recoup the money they spent. “The  value of his traditional work, taxidermy animals, spot paintings, spin paintings, probably peaked with the auction,” he said. 

Art specialist Philip Hook warned collectors back in 2013 that the “bubble” maintained by Hirst’s PR machine would eventually burst. 

Speaking at the Cheltenham Literature Festival he said: “An artist who is simply very good at playing the market and is good at marketing himself, he is the most in danger of [his art] suffering when he dies,” he said. 

“Those works that are less aggressively presented to the public will last.”

https://www.independent.co.uk/arts-entertainment/art/news/damien-hirst-art-value-drop-collectors-lose-money-beautiful-inside-my-head-venice-a8537166.html


Muhammad Ali: Impossible is nothing.

“Impossible is just a big word thrown around by small men who find it easier to live in the world they’ve been given than to explore the power they have to change it. Impossible is not a fact. It’s an opinion. Impossible is not a declaration. It’s a dare. Impossible is potential. Impossible is temporary. Impossible is nothing.”

Muhammad Ali (/ɑːˈl/;[8] born Cassius Marcellus Clay Jr.;[9] January 17, 1942 – June 3, 2016) was an American professional boxer and activist. He is widely regarded as one of the most significant and celebrated sports figures of the 20th century. From early in his career, Ali was known as an inspiring, controversial, and polarizing figure both inside and outside the ring (Wikipedia)

“God’s got me here for something. I can feel it. I was born for everything that I’m doing now.”

MUHAMMAD Ali Vs FLOYD PATTERSON

Muhammad Ali vs Floyd Patterson, Las Vegas 1965. Photo by Lawrence Schiller.

Heavyweight boxing champion Muhammad Ali and former champion Floyd Patterson fought two times. The first bout took place on November 22, 1965; and the second on September 20, 1972. Ali won both fights through technical knockouts. The first fight was stopped in the twelfth round; and the second after the seventh round. After losing his title to Sunny Liston in round 1 Floyd tried to regain the title but was stopped by Liston again in first round.Following these defeats, Patterson went through a depression. However, he eventually recovered and began winning fights again, including top victories over Eddie Machen and George Chuvalo. The Chuvalo match getting Ring magazine’s “Fight of the Year” award. (Wikipedia)

UNIQUE Trial Proofs by E$COBAR

Upon the tragic passing of Muhammad Ali in 2016, pop/urban artist E$COBAR created a tribute printed edition called ‘Impossible is nothing.’ in a limited edition of 25 which went to sell out very fast.  Only a few signed proofs are still available. The colourway for the main edition (plus proofs) is red but the artist experimented with different colour permutations before settling on red.

Some are available, all are unique trial proofs, signed.

“It’s hard to be humble, when you’re as great as I am.”

An unsigned edition of 150 in the original colourway (sheet size 21 x 21cm) is available, framed and with COA attached on the back. This is an ideal inspiring and beautiful gift for someone special.

 


Custom Shop

Our custom shop is designed to take care of your special requests with your artworks.

We all know it takes a little bit of thought to find artworks that match all our requirements, especially when they’re meant for decorating a key space.

  1. First and foremost we must LOVE the artwork.
  2. We need to check with whomever we share a living/working space with that they also LOVE it too.

Once these preliminary but important steps are taken, more question marks may arise:

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What?!? Angela Merkel to step down as German chancellor in 2021

Germany’s Angela Merkel has said she will step down as chancellor in 2021, following recent election setbacks.

“I will not be seeking any political post after my term ends,” she told a news conference in Berlin.
She also said she would not seek re-election as leader of the centre-right CDU party in December. She has held the post since 2000. [read full article]

Reflecting on Brexit and the current European political situation, artist E$COBAR showcases his wits and satirical flair in his sign-of-the-times artwork ‘the Great Escape’ reflecting a climate of big changes and uncertainty. 

NOW available as unsigned (edition of 150), signed (edition of 25 only, almost sold out!)  and ready-framed (from the unsigned edition of 150, and in A4 size only) from our online shop:


Royal Wedding: Congrats to princess Eugenie and Jack Brookman

Guests and fans of the royal family have arrived in Windsor for the second royal wedding in the town this year, that of Princess Eugenie to Jack Brooksbank.

The princess, an art gallery director and the younger daughter of Prince Andrew and Sarah Ferguson, married her long-term partner, who works as a “tequila brand ambassador”, at St George’s Chapel in Windsor. The ceremony was attended by the Queen, senior royals and celebrities including Kate Moss, Naomi Campbell, Robbie Williams and Demi Moore.

Read Full Article

 


David Hollier – Imago Verbosa – 19 October – 2 November

David Hollier is back with his unique brand of art that he calls Imago Verbosa (latin for ‘images made
with words’). His artistic technique almost magically creates images of cultural and political icons as
composites of their famous words in the form of painted and typed text.

David is a one-of-a-kind artist: his works are truly mind-boggling as well as beautiful. Their clean-cut style
makes them ideal for decorating elegant spaces, both classic and modern. For this reason his works are
high in demand with top interior designers, exclusive hotels/establishments looking for a sophisticated
artsy look and many private collectors loving both their aesthetic and intellectual value.

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Banksy painting Girl With Red Balloon ‘self-destructs’ after £1m sale at Sotheby’s

A Banksy painting has “self-destructed” just moments after selling for more than £1m.

Girl With Red Balloon was one of the star attractions at Sotheby’s Contemporary Art Evening Sale on Friday evening.

Depicting a girl reaching towards a bright red heart-shaped balloon, the spray paint and acrylic on canvas is one of Banksy’s best-known images.

The auction house said the painting was signed and dedicated and that the vendor had acquired it from the artist in 2006.

The winning bid of £860,000 (£1,042,000 including buyer’s premium) was given by phone at around 9pm, well over the pre-auction estimate of between £200-300,000.

But just after the hammer went down, the painting was shredded, thought to be by a remotely activated mechanism within the frame.

The prized work then came out the bottom in strips.

READ FULL ARTICLE

similar to banksy


Meghan Markle Shares Secret To Buying Presents Following Prince Harry’s 34th Birthday

On Saturday, Prince Harry celebrated his 34th birthday – his first birthday married to Meghan Markle and as the Duke of Sussex.

And while the couple no doubt partied in private with friends and family, we’re sure the Duchess of Sussex made an extra special effort when it came to choosing Harry’s birthday present.

According to her now defunct blog, The Tig, the former Suits star wrote about how she finds the perfect gift for a loved one.

‘It’s easy to grab another T-shirt for your man — but you’ll likely steal it for PJs anyway,’ she wrote in a post.

 

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