Charting Damien Hirst

The other day I posted on an interesting Businessweek article about the devaluation of works by Damien Hirst (click HERE to read the AW post).  Our friends at Beautiful Asset Advisors/Mei Moses took a look at repeat 41 work sales for Hirst in their database and concludes that those who purchased Hirst works prior to 2006 have shown an annual compounded return of 12.9%, while those that bought after 2006 show a loss of 7.7%.

The chart

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BAA/Mei Moses reports on Hirst values

TIMING IS EVERYTHING EVEN IN ART: A TALE OF TWO PURCHASE PERIODS FOR DAMIEN HIRST THE EBBS AND FLOWS OF REPUTATION AND FINANCIAL PERFORMANCE CAN BE DIFFICULT FOR COLLECTORS WHO TRY TO MONETIZE THEIR ART PURCHASES. DAMIEN HIRST IS THE PERFECT EXAMPLE OF HOW TRICKY IT CAN BE TO BE A SHORT TERM INVESTOR EVEN IN A HOT ARTIST. JUST A FEW YEARS CAN MAKE ALL THE DIFFERENCE IN THE COLLECTORS FINANCIAL WELL BEING. FOR THE 41 REPEAT SALE PAIRS WE HAVE FOR HIRST IN THE DATABASE THE AVERAGE COMPOUND ANNUAL RETURN FOR WORKS PURCHASED IN 2006 AND EARLIER WAS A STRONG 12.9% FOR THOSE PURCHASED AFTER 2006 THE AVERAGE LOSS WAS A DISMAL -7.7%. THE GRAPH SHOWS THAT THE TREND HAS NOT BEEN IN THE COLLECTORS FAVOR.

Source:  Beautiful Asset Advisors/Mei Moses