At last, the real shark is exposed: As prices for Damien Hirst’s works plummet,

 pity the credulous saps who spent fortunes on his tosh

Finally! The market price for Damien Hirst’s art is falling and some of his work is being withdrawn unsold from auctions. 

While paintings by some of the 20th- century’s great artists such as Picasso and Matisse are still increasing in value despite the financial collapse, Hirst’s prices are down by 30 per cent since their 2008 peak and one in three of his pieces has failed to sell at all.

Not everyone recognises that the artist emperor is naked, but in the art world there’s a growing unease that his clothes might be looking a bit threadbare. 

Threadbare: Damien Hirst has netted a an estimated £350million fortune from his work, but now prices are down by 30 per cent since their 2008 peak

Hedge-fund multi-millionaires who bought works by Hirst — whether they were his trademark spot paintings  consisting of symmetrically placed rows of dots, or the medicine cabinet installations that he passed off as art — now wonder if they mightn’t have been better off with a picture they actually liked. 

In decades to come, people will look back and wonder why, in fashionable circles at the end of the 20th century and the beginning of the 21st, rubbish such as this was displayed as art.

Read more: http://www.dailymail.co.uk/news/article-2239504/As-prices-Damien-Hirsts-works-plummet-pity-credulous-saps-spent-fortunes-tosh.html#ixzz3gWAbhwBq 

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