Art Market Monitor

Global Coverage ~ Unique Analysis

  • AMMpro
  • AMM Fantasy Collecting Game
  • Podcast
  • Contact Us

Hirst on the Rebound

October 27, 2009 by Marion Maneker

Damien Hirst, Fun Lovin', est'd @ $450kColin Gleadell points out at that this Damien Hirst painting in Sotheby’s day sale has an interesting back story:

A painting by Damien Hirst which was bought at the groundbreaking Beautiful Inside My Head Forever sale at Sotheby’s just over a year ago, when Hirst bypassed his dealers to sell directly through auction, is to be offered by Sotheby’s in New York next week. Fun Lovin’, is one of Hirst’s trademark butterfly paintings in which a number of butterflies have been placed on a pinkish monochrome background. Last year, it sold for £409,250, far above the £250,000 estimate. Next week, it is to be reoffered with an estimate of $450,000 (£275,000).

Not much change there, except that it does mean the owner is prepared to accept a significant loss. The sale comes as speculation mounts as to how many works in the £111million sale have actually been paid for. Sotheby’s extended generous credit terms of up to a year to some buyers, but a small number of sales are still awaiting settlement. Whether Fun Lovin’ is one, Sotheby’s is not prepared to say, citing “client confidentiality”.

Art Market News (Telegraph)

More from Art Market Monitor

  • Page Six Fingers the Giacometti’s SellerPage Six Fingers the Giacometti’s Seller
  • What Does the Art Market Look Like in 2010?What Does the Art Market Look Like in 2010?
  • The First Hyper-realistsThe First Hyper-realists
  • ‘Come Up and See My Etchings’ and Other Tales of the Height of the Print Market‘Come Up and See My Etchings’ and Other Tales of the Height of the Print Market
  • Keith Haring’s 1989 Retrospect Comes to Sotheby’s London Prints SaleKeith Haring’s 1989 Retrospect Comes to Sotheby’s London Prints Sale
  • Bonhams Africa Now = £1.4mBonhams Africa Now = £1.4m

Filed Under: General

About Marion Maneker

Want to get Art Market Monitor‘s posts sent to you in our email? Sign up below by clicking on the Subscribe button.

Top Posts

  • Keith Haring’s 1989 Retrospect Comes to Sotheby’s London Prints Sale
  • Four of Picasso's Women Valued at $28m Come to Christie's from Rose-Walters Collection
  • Tony Podesta's Secret Art Buying
  • Roy Lichtenstein’s Top Ten Auction Prices
  • Norman Rockwell's Not Gay. But Is He a Great Artist?
  • 14th-Century Painting to Sell at Auction Under Restitution Settlement with German-Jewish Art Historian’s Heir
  • Phillips Includes $2.5m Norman Rockwell Painting in November Evening Sale
  • Paris's Artcurial Reports $180.5 M. in Sales for 2020, Online Sales Volume Up 59 Percent
  • David Hockney's $20m Pacific Coast Highway & Santa Monica
  • Basquiat's Last Girlfriend
  • About Us/ Contact
  • Podcast
  • AMMpro
  • Newsletter
  • FAQ

twitterfacebooksoundcloud
Privacy Policy
Terms & Conditions
California Privacy Rights
Do Not Sell My Personal Information
Advertise on Art Market Monitor