Damien Hirst

[Hatch]

While the whole world is financially collapsing, Damien Hirst has sold a collection of his works for over £100m

 

http://entertainment.timesonline.co.uk/tol/arts_and_entertainment/visual_arts/article4766622.ece

 

Bad times for all indeed.

[Junction 9]

I bought the picture of a full ashtray for £10 million

 

Absolute genius.

[the stain]

Art doesn't seem to depreciate in value, so it's a sound investment.

[OldNick]

When money in the bank is looking like it may become worthless or the ogre of inflation raises its head people run to art and antiques. The prices were higher than expected because the buyer knows that Hirst's pieces will hold their value or even go up.

People with money in the main look forward in ways to protect the value.

In times of inflation antiques and art are a hedge against this, the thought of buying a piece of antique furniture that will last for generations against buy 5 times a decade at Ikea will become more pertinent as times goes on.

I understand most people would rather modern pieces but a lot of the savvy buy something that lasts and appreciates in time.I myself would not buy a Hirsts work but many other things that ae on the market are affordable and waiting to go up in value