Skull sells for £50m

LONDON – A diamond-encrusted platinum skull by artist Damien Hirst has been sold to an investment group for the asking price of 50 million pounds, a spokeswoman for Hirst’s London gallery White Cube said on Thursday.

The skull, cast from a 35-year-old 18th century European man but retaining the original teeth, is coated with 8 601 diamonds, including a large pink diamond worth more than four million pounds in the centre of its forehead. The spokeswoman said she could give no more details of the buyer.”Damien Hirst has retained a participation in the work – he still owns a share of it – in order that he can oversee a global tour of the work that is currently being planned,” she added.The skull caused a sensation when it first went on display at an exhibition of new works by Hirst at the White Cube in central London on June 3 – not least because of its price tag.Some critics dismissed it as tasteless while others saw it as a reflection of celebrity-obsessed culture.Works by Hirst, who first made his name displaying diced and pickled animals, became the most expensive at auction for a living artist when his ‘Lullaby Spring’ pill cabinet sold at Sotheby’s in London for 9,6 million pounds.The skull is the most expensive piece to date by Hirst, already a millionaire several times over.The sale of the skull brings to 174,4 million pounds the value of works sold from the June exhibition.Generally the gallery takes 30 per cent and Hirst 70 per cent of the proceeds.Nampa-ReutersThe spokeswoman said she could give no more details of the buyer.”Damien Hirst has retained a participation in the work – he still owns a share of it – in order that he can oversee a global tour of the work that is currently being planned,” she added.The skull caused a sensation when it first went on display at an exhibition of new works by Hirst at the White Cube in central London on June 3 – not least because of its price tag.Some critics dismissed it as tasteless while others saw it as a reflection of celebrity-obsessed culture.Works by Hirst, who first made his name displaying diced and pickled animals, became the most expensive at auction for a living artist when his ‘Lullaby Spring’ pill cabinet sold at Sotheby’s in London for 9,6 million pounds.The skull is the most expensive piece to date by Hirst, already a millionaire several times over.The sale of the skull brings to 174,4 million pounds the value of works sold from the June exhibition.Generally the gallery takes 30 per cent and Hirst 70 per cent of the proceeds.Nampa-Reuters