ART MARKET WATCH
Feb. 15, 2008Can
Damien Hirst do no wrong? The charitable
(Red) Auction the British artist spearheaded at
Sotheby’s New York on Valentine’s Day, Feb. 14, 2008, totaled $42,584,300 -- including a buyer’s premium of 10 percent to cover administrative costs -- with 82 of the 83 lots finding buyers. The total is well above the presale estimate of $21 million-$29 million. The sale set new auction records for 17 artists, including
Marc Quinn ($605,000),
Banksy ($1,870,000),
Howard Hodgkin ($792,000),
Keith Tyson ($440,000) and
Bernar Venet ($297,000).
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