Opinion: Oligarchs and oiligarchs have made art a luxury
In 2011 artworks became playthings for the rich
For me, 2011 will go down as the year in which the fact that artworks have become luxury goods – playthings for the rich – could no longer be ignored. In response Damien Hirst, one of the first artists to turn himself into a brand, is sprinkling the globe with spot paintings (pictured below left). In January, 300 of the 1,400 produced so far will be shown across the world in all 11 Gagosian galleries, from New York to California, London, Rome, Paris, Athens and Hong Kong.