This is probably the most radical mix of art and money that I have come across. A part of you wants to own it and the civilized side tells you not to own it. That’s probably the reason why this $110 million piece of skull in platinum and diamonds made by Damien Hirst is yet to be sold. The skull is covered in 8,601 diamonds. The cost of making this strange masterpiece is around $20 million.The skull is named “For The Love of God” and is due for a tour of museums across the world post which it could be sold at a premium. Currently it is co-owned by the artist-maker Damien Hirst and an investment group he is a part of.
Thats some new mode of investment for you...
3 comments:
ya these days portfolio managers are diversifying HNI portfolios like never before. some of them are Investments in Real Estate projects ( at grounds level),art and antiques,paintingsetc., in media and entertainment business (again directly into projects and not in shares), private placements, etc etc..
this form of investment probably will be too radical even for a visionary portfolio manager...
forgive me for correcting you, but wealth management companies are on an innovation spree coming up with innovative tailor-made products for the uber-rich and ultra-HNIs. of course these portfolios demand an investment of anything beyond 10crores with a lock-in of 3 yrs or so. the article 'Wealth Managers Create Bespoke Products' in ET dated 8 june '08 gives an insight into it.
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