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Article: London (Artprice.com): GBP 11.1 Million for Works by Damien Hirst.
- Article from:
- PR Newswire
- Article date:
- October 22, 2004
CopyrightCOPYRIGHT 2004 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The leading light of the Young British Artists movement made a record sale at Sotheby's auction of the contents of his Pharmacy restaurant on 18 October, which generated GBP 11.1 million (USD 20 million). This result largely outstripped even the most optimistic forecasts (GBP 4.9 million).
The auction was organised during the Frieze Art Fair and attracted more than 500 collectors who picked up every piece on offer. Lot number 1, for example, consisted of two Martini glasses, estimated at between GBP 50 and 70, and which sold for GBP 4,800. That set the tone for the rest of the sale.
All of the lots, even the most symbolic, were fiercely contested. Lamps ...