Damien Hirst’s diamond skull (For the Love of God)has reportedly been sold for $100 million. The buyers were an unnamed investment group, which doesn’t surprise me at all.
The BBC says that the investment group “planned to re-sell the artwork at a later date. Hirst also retains part-ownership.”
Call me a skeptic, but I’m always suspicious of private sales that break records by large amounts. Both the artist and the buyer have an interest in publishing the highest price possible. If the seller is as business savvy as Damien Hirst and the buyer is an investment group, it just increases my suspicions.
Bloomberg reports that “The sale is expected to close in three to four weeks, when all the paperwork is finished, Dunphy said. The group of buyers would be required to show the skull for two or three years in museums around the world, he said.”