If any administration can turn this crisis into another depression, it is the Bush administration.
Quote by Joseph Stiglitz: The financial crisis is the fruit of dishonesty on the part of financial institutions | The Guardian
I have been banned from attending the sale in a professional capacity. The reason? Because I criticised the contemporary art boom in the pages of this newspaper last November, in an article titled: Who put the “con” in contemporary art?
Citing that article, Matthew Weigman, the head of sales publicity at Sotheby’s, wrote to me: “In the ordinary course of things, your impressive credentials as a journalist, film-maker and commentator would have provided easy entrance through Sotheby’s doors. But these are not ordinary circumstances. The frank bias, even contempt, you have expressed in your commentary about the world of contemporary art, which is an important part of our business, is impossible to ignore … Therefore … we have taken the virtually unprecedented decision not to allow you to film during our upcoming exhibition and sale of works from the studio of Damien Hirst, nor to allow access into the press area for the print media.”
This theme may indicate why Hirst is taking his work to auction. In interviews he claims one motivation — democracy aside — is that his galleries take all the money. Many critics have fallen for this sob-story, but Gagosian and White Cube have spent millions building Hirst’s reputation, and now he’s giving them the finger. “There’s a hell of a lot of money in art — but artists don’t get it,” says Hirst, owner of some 40 properties, who buys Bacons for tens of millions of pounds and has a net worth of several hundred million. He has made plenty of money out of art, but he wants more.
Why I was banned from Damien Hirst’s £120m gamble (Ben Lewis, Evening Standard).