Damien Hirst and the contemporary art market Harvard Case Solution & Analysis

On 15 and 16 September 2008, British artist Damien Hirst broke all the rules of the art market. He bypassed the usual distribution channels - dealers and gallery owners - direct partnership with the auction house Sotheby - and use them to successfully sold more than 200 pieces of his work. Sotheby's auction of works of art that were less than two years, there was another break in tradition. Hurst earned more than £ 110 million auction -. In the midst of the global economic crisis, and on the same day that the investment house Lehman Brothers collapsed "Hide
by Martin Kupp, Joerg Reckhenrich, Jamie Anderson Source: ESMT - European School of Management and Technology 17 pages. Publication Date: July 28, 2010. Prod. #: ES1051-PDF-ENG

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Damien Hirst and the contemporary art market

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