Decision on Hirsts leaves owners in a spin
Studio “switch in policy” over works previously auctioned for up to £73,250
By Melanie Gerlis From issue 227, September 2011
Published online 1 Sep 11 (Market)
Damien Hirst’s main art-producing company, Science, has asked that Phillips de Pury be more vigilant about selling works it now says are incomplete. The series in question—“In a spin, the action of the world on things”, 2002—consists of a box, containing a single painting, and a number of accompanying prints. Individual paintings and prints have appeared for sale privately and at auction.
There are said to be 68 editions in the series and London’s Tate has one of the etchings (Round, 2002) in its collection. Phillips has sold six of the paintings as stand-alone lots, including one for £73,250 in 2009 (est £50,000 to £70,000), and one for £51,650 in June at its contemporary day auction in London (this time with a lower estimate of £35,000 to £45,000). Hirst would have made around £1,700 from the June sale, as it qualified for the Artist’s Resale Right, equivalent to 4% of the work’s hammer price.
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