The Economist article on Damien Hirst + the future of auction houses + the global contemporary-art market + other viewpoints @ http://www.economist.com/daily/columns/artview/displayStory.cfm?story_id=12281895 was insightful.
Auction rooms are democratic. That’s what I like about them. Anyone with enough money can buy what they want—immediately. They just have to be prepared to make that final bid.
- Damien Hirst
If you are rich and impatient, buying through an auction room is the place for you.
- Economist
How true!
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