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Damien Hirst sale beats the credit crunch

Damien Hirst’s new auction of art works has broken all the estimates to bring in a record total of £70.5m ($125m), with still more works for sale.Hirst has proved that the credit crunch has had no effect at the top end of the art market . His auction has caused a feeding frenzy amongst dealers and collectors .
The British artist has used the auction house Sotheby’s instead of the traditional art dealer.
It is the first time an artist has sold a substantial body of work this way.
Sotheby’s say the sale has set a new record for a sale dedicated to one artist.
The works for sale include The Golden Calf – a bull in a tank of formaldehyde, with its head crowned by a gold disc – which sold for £9.2m ($16.5m).

The extraordinary body of new work to be showcased at Sotheby’s is among his best yet.The Kingdom – a tiger shark also in formaldehyde – which sold for £9.6m ($17.2m). It had been estimated at about half that price.
The Black Sheep with the Golden Horn, another animal in formaldehyde, sold for £2.6m, within its £2-3m estimate.
The auction, entitled Beautiful Inside My Head Forever, was the first of three that will sell a total of 223 art works by Mr Hirst.
The second and third sessions are due to take place on Tuesday.
Mr Hirst has called the auction a “mini retrospective” and “probably the most amazing show I’ve put on”.
It has been called a landmark sale , but that the artist says galleries can be snobby and elitist.
A spokesman for the auction house Sotheby’s said: “The extraordinary body of new work to be showcased at Sotheby’s is among his best yet – ambitious, exquisite and incredibly powerful.”

Art news from Photogold art gallery

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The Singing Butler goes on sale again

A new version of The Singing Butler by Jack Vettriano is to go on sale at auction. A retrospective of The Singing Butler will be auctioned by Sotheby’s at Gleneagles Hotel in Perthshire on 26 August.

Vettriano produced a quick version of the work during a masterclass he gave at the university in 1993.

Now the university is about to benefit from the soaring value of the artist’s work by selling the 15in by 12in picture on 26 August.Proceeds from the sale will go to the St Andrews Students Charities Campaign, which supports a range of local, national and international causes.

Andre Zlattinger said

“The sketch captures one of Jack’s most iconic images and will, I’m sure, have huge appeal to collectors around the world.”

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U2 sell “Untitled (Pecho/Oreja)” by US artist Jean-Michel Basquiat

Rock superstars U2 could make up to £6m when their painting “Untitled (Pecho/Oreja)” is auctioned in London this week .
The painting, which originally attracted the attention of band bassist Adam Clayton, will be auctioned at Sotheby’s.
Basquiat, originally a graffiti artist in New York, died from a suspected drug overdose in 1988.
The current auction record for a Basquiat work stands at $14.6m (£7.4m).
In 1996, director Julian Schnabel directed the film Basquiat, based on the artist’s life and starring Gary Oldman and David Bowie. Basquiat’s paintings continue to influence young artists.