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Hirst Is Art World's Lehman

September mega-sale coincided with investment bank's collapse

By Jason Farago, Newser Staff

Posted Dec 22, 2008 12:21 PM CST

(Newser) – With the collapse of Lehman Brothers having opened an “anxious new era” in financial circles and among consumers at large, the auction that brought artist Damien Hirst $166 million on Sept. 15—the very day Lehman went bust—clearly marks the division, Martin Gayford... Read full story »

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Hirst Is Art World's Lehman

September mega-sale coincided with investment bank's collapse

art market • art • Sotheby's • Damien Hirst • crash • Lehman Brothers • financial crisis

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More Newser Stories

Strapped Art Market Preps for Auctions

Expectations low as auction houses try variety of tactics

Art Market Stalls at Grim Fall Sale

Malevich sets record, but Sotheby's has a slow night in New York

As Stocks Slide, Hirst Auction Breaks Records

Unprecedented one-man auction exceeds high estimate

London Art Sales Soar

Bacon tops Sotheby's contemporary auctions; London shows new art-market clout

Rothko Fetches $73 Million

Record price for seminal modern work marks trend in art purchases

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