Godfrey Barker on the Hirst Sale Results
Newsweek has a brief item on the Hirst results:
But is Hirst’s work really recession proof—especially given the susceptibility of his pieces to decomposition? “This sale has proved that Hirst is a safe return,” says art-market expert Godfrey Barker. “The superrich need somewhere to put their money, and they’re pouring it into art. We are entering a world where art is trusted above real estate and General Motors.” Along those lines, Hirst plans to invest his new millions in modern masters like Francis Bacon—though it might not hurt to hang on to a few of his own commodity-encrusted creations, too.
