Tuesday, 29 September 2009
I am a big fan of Damian hurst however i did not approve of his auction. I feel it was greedy, yes he made a lot of money but it was not artwork that was sold honestly. He pushed art dealers and collectors into a corner. By selling all this artwork at once he was flooding the market and potentially devaluing his artwork but as a result of this, all those that owned Damian Hurst artwork had to by more artwork to keep the value of it high to save loosing money. As a result of this Sotheby's and other art collectors ended up spending up to 16 million just to save Damian Hurst from his own self destruction!