Subscribe to our RSS feed:

RSS Feed Button

Damien Hirst with his Golden Calf, sold for £10,345,250 ($19 million) at Sotheby’s London on Sept. 15, 2008
© Damien Hirst
Photo by Prudence Cumming
   1  2  3  4  5  6  7  8  9  10  11  12  

by Walter Robinson and Ben Davis

Fly high, fall hard. Without a doubt, the big art-world story for 2008 was the euphoric expansion of the art market -- and its abrupt stop in October, along with the rest of the world economy.  The record-setting run, typically put at five years long or more, brought everyone from hedge-fund billionaires to Russian and Middle Eastern oligarchs into the auction rooms, pushing prices to delirious heights. For some reason, art still rules as a marker of status and sensibility.