ENTERTAINMENT
January 1, 2010 | By Scott Reyburn
Damien Hirst and Jeff Koons, the stars of the art boom, were deposed as auction bestsellers in 2009 as prices for some of their works fell 50%. It may take much of the next decade before their works return to record prices, dealers say. Billionaire collectors shunned "noughties" favorites in the current decade's closing year, preferring 20th century Modernist classics, Art Deco furniture, Old Masters and Chinese artworks. Contemporary-art auction sales dropped 75% this year as sellers were no longer guaranteed minimum prices.
ENTERTAINMENT
November 4, 2009 | Bloomberg News
Victor Pinchuk, one of Ukraine's richest men, plans to build a contemporary art center in downtown Kiev, with the hope of making the country's capital a major destination on the global art map. Pinchuk, 48, said in an interview that the new building will be bigger than his existing PinchukArtCentre, the first private center of contemporary art in the former Soviet Union. The new project will also supplement the regular shows already being held at the center that Pinchuk said has had more than 830,000 visitors since it opened in 2006.
ENTERTAINMENT
February 17, 2008 | Jenny Sundel
ARTIST 1. Eric Fischl was all smiles at LACMA's opening celebration of the Broad Contemporary Art Museum on Feb. 9, where the glitterati -- Tom! Katie! -- came out in droves. But the true VIPs of the night: billionaire philanthropist 2. Eli Broad and wife Edythe, whose $60-million donation gave the Los Angeles County Museum of Art a much-needed home for contemporary art. Guests, decked out in gowns and tuxes, peeped 200 works from postwar artists, including Jeff Koons, Andy Warhol, Roy Lichtenstein, and 3. Cindy Sherman, who toasted her inclusion with former Talking Heads frontman David Byrne.
ENTERTAINMENT
December 15, 2007 | From the Associated Press
British artist Damien Hirst has donated four of his works to the Tate collection, including a replica of his prize-winning installation of bisected cows in formaldehyde, the London museum said Friday. The donation is the first of a series that the 42-year-old Hirst plans to make to the national British art collection as part of a pledge he and 23 other leading artists made in 2004 to give significant works to the museum.
IMAGE
September 16, 2007 | Adam Tschorn, Times Staff Writer
WHEN Prada invited a crowd of 600 to a party at its SoHo store -- and decorated the place with video monitors dripping digital blood set against a wallpaper of skulls, pills, praying hands and hourglasses -- it could mean only one thing: Damien Hirst was in the house.
ENTERTAINMENT
September 1, 2007 | From Bloomberg News
The artist Damien Hirst, who is part of an investment group that is buying his diamond-covered skull for $100 million, is branching out into fashion, with a new collection for Levi Strauss & Co. The line Hirst co-designed for the company's spring 2008 Warhol Factory X Levi's X Damien Hirst collection includes jeans decorated with a skull pattern made of Swarovski crystals. Priced at $4,000 a pair, the jeans are the most expensive items in the collection.