Damien Hirst to Auction Own Works at Sotheby'sBy ARTINFO
Published: June 19, 2008
Hirst said in a joint statement with Sotheby's that he's been wanting to do another auction since the successful sale of the contents of his defunct restaurant Pharmacy in 2004 — which sold out completely, earning £11.1 million, double its £4.9 million top estimate. Generally auction houses do not charge fees to the sellers of multimillion-dollar contemporary art collections, but Sotheby's wouldn't say if Hirst, who takes a 70 percent cut of works sold through galleries, rather than the conventional 50 percent, according to the Times (London), will be charged a commission. "It's a very democratic way to sell art,'' Hirst said in the statement. "It feels like a natural evolution for contemporary art." |