Art Market Monitor

Global Coverage ~ Unique Analysis

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

Damien Hirst’s Market Does It “My Way,” a Case Study

June 28, 2013 by Marion Maneker

Damien Hirst, My Way (£700-900k) £865,875Colin Gleadell provides the backstory to Damien Hirst’s My Way which sold at Christie’s near the low estimate for a premium total of £865,875:

Observers may think prices for contemporary art are insane, but for Damien Hirst they are adjusting – downwards. A 23-year-old medicine cabinet named after the Sex Pistols’ rendition of the Sinatra classic My Way was bought from Charles Saatchi in 1996 for about £45,000 for insurance boss Robert Hiscox, who could not hang it in his office because health and safety officials said it had to have a lock on it. Hiscox sold it in 1998 for £144,000 to an American, who sold it 18 months later for more than £200,000. However, last year it was offered with a £1.2 million estimate and was unsold. Christie’s has reduced its estimate this week to £700,000.

Art market news: Christina Aguilera among the buyers at Dean Stockton’s Brick Lane show (Telegraph)

More from Art Market Monitor

  • Germany’s Ketterer Kunst Reports $73 M. in 2020 Sales, Maintaining 2019 MomentumGermany’s Ketterer Kunst Reports $73 M. in 2020 Sales, Maintaining 2019 Momentum
  • Explaining the Giacometti SaleExplaining the Giacometti Sale
  • Momentum of Women Contemporary Artists Slows at NY AuctionsMomentum of Women Contemporary Artists Slows at NY Auctions
  • New York Contemporary Evening Sales in PerspectiveNew York Contemporary Evening Sales in Perspective
  • Christie's London PWC ResultsChristie's London PWC Results
  • New Economic Model of Vancouver’s Artist’s HotelNew Economic Model of Vancouver’s Artist’s Hotel

Filed Under: Auction Results

About Marion Maneker

LiveArt

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

  • 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
 

Loading Comments...