Dominic Rushe
Attend a special evening hosted by Mike Atherton
IT’S time to shutter the home in the Hamptons and head back to the city. But before Manhattan’s moneyed join the traditional Labor Day traffic jam that marks the end of summer, there is art to be seen.
At the Bridge, a golf club in Bridgehampton where the annual fees are $600,000 (€407,972), Damien Hirst is previewing work from his upcoming auction, Beautiful Inside My Head Forever. The sale will include The Golden Calf, a cow with golden horns and hoofs suspended in the usual formaldehyde. It is expected to fetch $25m.
It is not just the Hamptons set who are getting an early viewing. Previews are taking place in London and New Delhi. The sale is like a greatest hits collection with numerous works from each of Hirst’s most popular series, including spin paintings, butterfly paintings, pharmaceutical cabinets, and animals suspended in tanks.
The works themselves may not be breaking any new ground for the artist, but Hirst is causing a stir nonetheless. The big news about this sale is Hirst’s decision to sell his art directly via Sotheby’s auction house, bypassing big-name gallery owners Larry Gagosian and Jay Joplin.
A fair slice of the people who can afford a $25m cow or a $2m butterfly painting will be in the Hamptons this weekend. Hirst and Sotheby’s do not need the gallery owners to tell them that. Nor does Britain’s most marketable artist need much help in generating publicity for himself.
L a s t s u m m e r ’ s H i r s t moment was the unveiling of his diamond-encrusted platinum skull, called For the Love of God, and put up for sale for $100m at Joplin’s White Cube gallery.
O n t h e w e b s i t e A rt Observed, Sotheby’s spokesman Oliver Barker says: “Damien is totally fearless. He’s not just an outstanding artist; he’s a cultural phenomenon.”
A cultural phenomenon who no longer needs a middle man. The decision has caused much chatter in the art world where galleries fear that other top artists may follow suit.
Galleries often take 50% of the sale price, but in return they offer new artists their big break, build their careers, broker deals and handle all the hassle artists do not want to get involved with or possess the social skills for.
Naturally, many of the Hamptons art set are on first name terms with top gallery owners. But for those new to the game, an auction wipes out all those embarrassing questions a good gallery will want answered.
Are you a genuine buyer or just looking to flip the work? What happens to the work when you die? Do we like you? At auction, it is all about cash. No back room deals, promises of museum donations, haggling for discount. Just money versus money.
After a record run, lean times threaten for the art market. As bonuses shrink and jobs are lost, art may lose its lustre. Galleries are going to feel the pinch too.
But Hirst is betting his brand can buck the market. For that to work, you need a name. There are few artists today with a brand name as recognisable as Hirst.
Perhaps the last big one was Salvador Dali - scorned for turning into a hackneyed pastiche of himself. Savvy Hirst says he is going to moth-ball the vitrines and dead animals after this sale.
Industry sectors news at a glance. Interactive heatmap, video and podcast
Everything the Business Traveller needs to know to make a better trip
Get ready for the winter sports season, with our resort guides and snow reports
We are backing British business, what is the confidence of the nation and what businesses are succeeding?
Growing demand for energy, oil that is harder to reach and the rise of carbon dioxide emissions. We examine the energy challenge
With rail travel in Europe on the rise, we review the benefits of travelling by train
In this special section we explore new food trends to help improve your dinner party and impress guests
Enjoy further reading from Travel to Fashion, Business to Sport, discover more
1998
£47,955
12 months for the price of 11 and a 5% discount.
Offer ends 31/11/09
Check your free Experian credit report before applying
Car Insurance
£353 per day
Phonepay Plus
London
PwC’s Consulting practice helps businesses of all shapes and sizes work smarter and grow faster
PwC
£37,000
Department for Culture, Media and Sport
London
Currently £36,285
Department for Culture, Media and Sport
London
Moments from Battersea Park.
For sale with Winkworth
Find out about shared ownership.
See your free Experian credit report beforehand
Accommodation, flights, tickets to the race and a KL city tour for only £999pp
PremierHolidays.co.uk
For your ultimate tailor-made ski holiday, click here
Get covered on your travels with a superb range of policies at great prices. Visit InsureandGo.com
World Class Golf, Spa and preferential Beach Club. Private estate overlooking West Coast
Villas from £275 per night inclusive of Golf
Contact our advertising team for advertising and sponsorship in Times Online, The Times and The Sunday Times, or place your advertisement.
Times Online Services: Dating | Jobs | Property Search | Used Cars | Holidays | Births, Marriages, Deaths | Subscriptions | E-paper
News International associated websites: Globrix Property Search | Milkround
Copyright 2009 Times Newspapers Ltd.
This service is provided on Times Newspapers' standard Terms and Conditions. Please read our Privacy Policy.To inquire about a licence to reproduce material from Times Online, The Times or The Sunday Times, click here.This website is published by a member of the News International Group. News International Limited, 1 Virginia St, London E98 1XY, is the holding company for the News International group and is registered in England No 81701. VAT number GB 243 8054 69.