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!
Tuesday 29 September 2009
Damian Hurst
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!
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