Damien Hirst to split with Gagosian Gallery

Posted filed underContemporary Art, Galleries, News.

Damien Hirst
Looks like the world’s richest artist aplits with the world’s richest gallery. According to the Financial Times, Mr Hirst’s company, Science Ltd, said that “Larry Gagosian and Damien have reached an amicable decision to part company”, adding that the artist would continue his relationship with a second gallery, White Cube, in London.

Gagosian issued a statement, saying: “It has been a great honour to work with Damien over the last 17 years culminating with the worldwide showing of the Complete Spot Paintings 1986-2011 at all 11 Gagosian galleries this year . . . We wish him conti­nued success for the future.”

The New York Times’ Carl Vogel writes that Hirst has “left his fans and collectors wondering” what he’ll do next.”

The Atlantic writes that “Hirst has worked sporadically with other galleries like White Cube and auction houses like Sotheby’s in the past. But still, this break-up is huge. In 2011, Gagosian dedicated every one of its 11 gallery spaces to Hirst’s “Spot Paintings” series, clearly signaling how important he was in their stable of artists. Some are speculating that this might signal a shift for the Gagosian Gallery. Jeff Koons, another one of their blue chip standbys, announced plans to show at a different New York gallery last week.”

At the same time, new figures put out by Artnet show that works by Damien Hirst have suffered a 30% decline in value at auction while one third fail to sell at all.