Andrew Rice's feature in Bloomberg Businessweek on Damien Hirst includes some interesting data from Artnet, showing that works by Hirst bought during the commercial peak of his career between 2005 and 2008 and subsequently put up for auction again have been resold for an average loss of 30%, while a third of over 1,700 Hirst pieces offered at auction since 2009 have failed to sell at all.
Andrew Rice's feature in Bloomberg Businessweek on Damien Hirst includes some interesting data from Artnet, showing that works by Hirst bought during the commercial peak of his career between 2005 and 2008 and subsequently put up for auction again have been resold for an average loss of 30%, while a third of over 1,700 Hirst pieces offered at auction since 2009 have failed to sell at all.
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