Damien Hirst and the Contemporary Art Market Martin Kupp Jorg Reckhenrich Jamie Anderson 2010
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Damien Hirst, an English artist, gained worldwide recognition when his art “The Physical Impossibility of Death in the Mind of Someone Living” was on display at the Royal Academy of Arts in 1991. This painting, created by attaching a small skull on a sponge, caught the public’s imagination and, within a few years, led to a thriving artistic movement called “death art” or “funeral-art”. This movement began with Hirst’s work but was later adopted by other artists and
SWOT Analysis
Damien Hirst, a British artist, is a master of the contemporary art market. this He rose to fame in the late 1980s through a series of outrageous and hygienically sterile exhibitions that attracted record-breaking prices for contemporary art. Damien’s name became synonymous with a new kind of ‘art’ that became known as the ‘Sensation’ exhibition in 1991. This exhibition brought art to a large scale, showcasing a range of contemporary art objects and installations in an immers
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Martin Kupp is an expert case study writer on Damien Hirst and the Contemporary Art Market. In a survey by Bloomberg Markets, one third of people in the 19-44 age group are “increasingly comfortable buying art pieces” and “9% of 25-44 year-olds say that they are “actively looking for pieces that will increase in value over time.” Hirst was the subject of the recent “art for all” exhibition at the British Museum, and in July 2010,
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“Art” today has expanded into all corners of the art world. However, most of the “art” that is sold is primarily through galleries and dealers. It’s almost impossible to go through your normal day at work without seeing some form of “art,” whether it be the decor in a bank or a corporate meeting room, or if you happen to be on a crowded train or bus ride. These sales represent the largest and fastest-growing segment of the art market. Although galleries provide art to people, they aren’t the primary
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In 2002, the contemporary art market was in freefall. Art fairs were cancelled and artists’ galleries were struggling. Damien Hirst’s “Flower Piece”, a huge insect, was seized in Hong Kong in 2003 and displayed for years in the British Museum. It cost $5 million. Hirst had shocked the art world in 1997 with “The Physical Impossibility of Death in the Mind of Someone Living”, a spray-painted chicken. But critics
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Martin Kupp is an art historian and curator, and has been described as “one of the most important art historians working in the UK”. He was Professor of Art History and Senior Research Associate at the Courtauld Institute of Art, London, and Professor of Art and Cultural Studies at the Institute for Advanced Studies in Princeton, NJ (USA), from 2000-2008. During his tenure in Princeton, he was also Research Director of the International Center of Medieval Art, New York. He is now Professor in the
PESTEL Analysis
Hirst’s early work was characterized by a rejection of the traditional art market in favor of a DIY (Do It Yourself) approach to gallery work, making his own galleries and selling his work to unsuspecting and unsuspecting buyers. The public’s discovery of his work through the “Corset” (2001) video and the “Spot” (2002) painting and sculpture led to a flood of requests for information, resulting in Hirst turning his art into a business. H
