Friday, December 12, 2008

The richer they are...

The cheaper they are:

"He is one of the world's richest artists, who defied the credit crunch in September by auctioning a whole collection for £111m. But even Damien Hirst may not be immune to the economic climate - many of the workers who produce his works found themselves out of a job this week, the Guardian has learned.

On Thursday, up to 17 of the 22 people who make the pills for Hirst's drug cabinet series were told their contracts were not being renewed, according to two sources close to Science Ltd, Hirst's main art-producing company. Another three who make his butterfly paintings were also told they were surplus to requirements.

It is thought that amounts to approximately half of the London-based artists who work for Hirst. They are paid about £19,000 a year, sources said. In June 2007, Lullaby Spring, a cabinet filled with hand-painted pills, sold for £9.65m."
Read the Guardian story here.

1 comment:

L.Holm said...

Even more mysterious is why anyone would pay almost $20 million for a cabinet full of hand-painted pills.