Monday, September 01, 2008

An Art Market is Not Decided by One Artist

Damien Hirst Bypasses The Galleries - The End Of The Gallery System As We Know It? "What does it mean for the art market that a living artist bypasses dealers altogether and sells his wares directly at auction? There is some speculation that this might be a pivotal moment, like the end of the studio system in movies or the continuing decline of the record labels in the music business. Could the gallerist's traditional role as mediator between the contemporary artist and his market be passÃe?" Wall Street Journal 08/23/08

I’m not sure that it really means anything, considering the artist in question is Damian Hirst – a living artist that time and time again financially dominates the British art market. His conceptualized work has always been somewhere outside the traditional painting and sculpture gallery scene; how is this a huge leap? In fact, I dare say this may have a positive impact on the gallery market, in the manner in which it opens the playing field for other artists. - North

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