LOT 475 Damien Hirst (1965-), 'Enclosing Doors, 2016' from...
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§Damien Hirst (1965-)'Enclosing Doors, 2016' from the Currency Series paint on A4 paper No 1542, signed with hologram verso Dimensions 21 x 29.5 cm. unmounted. Artist or Maker Damien Hirst (1965-) Medium paint on A4 paper Condition Report Mint condition, comes in all of the original delivery packaging with paperwork.PLEASE NOTE:- Prospective buyers are strongly advised to examine personally any goods in which they are interested BEFORE the auction takes place. Whilst every care is taken in the accuracy of condition reports, Gorringes provide no other guarantee to the buyer other than in relation to forgeries. Many items are of an age or nature which precludes their being in perfect condition and some descriptions in the catalogue or given by way of condition report make reference to damage and/or restoration. We provide this information for guidance only and will not be held responsible for oversights concerning defects or restoration, nor does a reference to a particular defect imply the absence of any others. Prospective purchasers must accept these reports as genuine efforts by Gorringes or must take other steps to verify condition of lots. If you are unable to open the image file attached to this report, please let us know as soon as possible and we will re-send your images on a separate e-mail. Provenance The Currency by Damien Hirst is the artist's first NFT drop. The Currency is a collection of 10,000 NFTs, also known as Tenders, which correspond to 10,000 unique physical artworks by Damien Hirst, with the NFTs containing high resolution images of the front and back of each of the 10,000 artworks. Each work is a unique series of dots, with titles randomly derived from song lyrics. In theory any one is the same as another, hence the concept of them as 'currency'. In practice buyers have attributed higher value to the works with one or two word names. There was an open application of one week, from 14 – 21 July 2021, with successful applicants able to buy an NFT for $2,000. During this time, 32,472 people applied for a total of 67,023 NFTs. The sale of all 10,000 works was worth $US20 million. But, since the artworks went on sale, there have been more than 1,800 resales, for almost US$40 million. The highest price paid so far is US$120,000, for No. 6272, titled "Yes". Buyers have the option to choose the NFT or the physical work. The unselected version will be destroyed by the artist. This example is an early opportunity to buy at auction.
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