A sale of pickled sharks, butterfly paintings and other pieces by the
provocative British artist [Damien Hirst] has raised more than US$125 million – a
record for an auction of works by a single artist. And there is more to
come Tuesday.
Here is the story and I thank Chris F. Masse for the pointer. Here are previous installments in the series, including dirt for dinner in Haiti.
As if we needed another sign of the coming of the apocalypse.
Wouldn’t it be signaling instead? Namely, buyers signaling financial health in extravagantly wasteful fashion, in much the same way that peacocks waste energy growing enormous but useless plumage and male deer waste energy growing enormous but useless antlers.
You can drive an expensive sports car, but who knows? Maybe you’re just leasing it. You can live in an expensive house, but maybe you’re barely keeping up with the mortgage payments. But you can’t fake the cash-upfront multi-million-dollar purchase of a rotting shark.
The desired effect is all the more impactful if you are, metaphorically, lighting cigars with million-dollar bills on the very day that Wall Street is burning. In other words, maybe the sale was a success not despite financial market chaos but rather because of it.
Surely, nobody actually considers these countercyclical assets or hedges against inflation. I don’t think you seriously do either. After all, didn’t you recent expound your “greater cool theory“:
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