Friday, 31 August 2007

Hirst Gets His £50m

Damien Hirst - For The Love of God (2007)Damien Hirst has received his asking price for a diamond encrusted human skull: £50m ($100m). This makes it the most expensive piece of contemporary "art" ever sold. It cost him £14m to make (CLICK). You've got to admit it, the guy knows his market. For The Love of God was bought by an investment group. As Coxsoft Art has often pointed out, tasteless jerks buy so-called "art" as a safe investment, and these investors inflate market prices to an insane degree. To add insult to injury, Moneybags retains an interest in his skull; he gets a percentage when it is resold! For God's sake! How's that for greed?

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