Demian Hirst, Ceramic Gabinet .
After the bankruptcy of Lehman Brothers collapse will send the global economy and it was known for outrageous salaries they earned their executives, while playing roulette with money Thousands of people are now selling his art collection to recover capital. This collection is part of a corporate trust the Neuberger Berman and Lehman Brothers Corporate Art Collection. is not really clear why sell it, because against the lost money this represents a fraction of the capital, but for our analysis on the art market is something relevant to appreciate. This collection offices set with pieces that talk about the status of financial corporate wealth, and artists took over mid-career contemporary art and some consecrated. Indeed, employees who were fired were surprised to say that this was hanging all over to see him, it was not, was actually in the offices of top executives.
The auction of the first part of the lot was in Sotheby's a year ago and left the most important pieces of the collection: Lichtenstein , Warhol, Jasper Jones and now this is the second auction of three. With the second sale out parts are just minor and artists who grew up in this bubble economy and lack of artistic value as well as Lehman's investments Brothers were a fraud. The collection, despite being corporate, is headed by the taste of a man, Neuberger Berman, a compulsive collector of contemporary art and with his constant purchases and donations made the price of this art shot. In this set, which estimated to reach 10 million dollars, the truth is not, therefore, is a cabinet of Demian Hirst with ceramic dishes he bought at a flea market and his employees painted, it goes to $ 800 000; Felix Gonzales Torres things, the installation of candy reached $ 250 000 by this corporation; Vick Muniz and his work with expiration dates because they are candy and similar materials, Takashi Murakami, which is actually designer bags and toys, not an artist. This auction shows how these artists rose to a position of power and price for the buying group.
I also replicated among employees of corporate VIP, imitating the likes of the bosses and acquiring the pieces they chose to show that had a high purchasing power and something very peculiar, that had entered the office of presidency. This may seem exaggerated, but it was so, the pressure to stay in power is to exhibit its rewards and one of them is to know intimately the habits of the powerful.
This chain of absurd claims, which collapsed with the failure of corporate financial scandal, he had an artistic current price climb without merit. These works go on sale as the end of an era. Only some of them are redeemable in this collection: a lithograph by Gerhard Richter, and a painting by Neo Rauch, beyond that, is the epitome of how financial abuse drag on his speculation that art and ethics and honest perspective of museums and galleries.
Published in The Weekly.
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