Leonardo DiCaprio – Art Market Thrives at the amfAR Gala 2023 in Cannes

KEY TAKEAWAYS
The amfAR Gala, a long-running AIDS research fundraiser, took place in Cannes, France, with host Queen Latifah and a roster of celebrity attendees. The event has raised over $500 million since its inception in 1985.
A Damien Hirst piece, originally purchased at the Leonardo DiCaprio Foundation Gala & Auction in 2016 for €600,000, was among the notable items auctioned at the event. The auction attracted bids from various quarters, with some pieces selling for up to €1.2 million.
Damien Hirst recently introduced a digital format of his Spin Paintings, allowing collectors to design their own pieces. This innovation resulted in the sale of 5508 paintings and generated over $20 million in sales.

A piece donated by collector Christian Levett was auctioned at the amfAR Gala on May 25 in Cannes, France. The event, a fundraiser for AIDS research since 1985, saw participation from celebrities and raised over $500 million. The star-studded gala coincides with the Cannes Film Festival, bringing the spotlight onto the French Riviera.

Queen Latifah took the helm as host of the 2023 amfAR Gala, where a who’s who of the entertainment industry was in attendance. Eva Longoria, Heidi Klum, Rebel Wilson, Alek Wek, Orlando Bloom, and Kate Beckinsale were among the notable guests at the prestigious event. The audience was treated to a line-up of star-studded performances with Gladys Knight, Halsey, and Adam Lambert taking to the stage.


The auction, conducted by Simon de Pury, serves as a potential indicator of the art market’s state. Starting bids at €100,000 rapidly climbed up to €1.2 million, signifying a robust response. A Damien Hirst piece, donated by Levett, fetched a high price at the event. This same artwork was originally procured during the Leonardo DiCaprio Foundation Gala & Auction back in 2016 for a substantial sum of €600,000.

Damien Hirst Art 

Despite the successful sale at the gala, it did not surpass Hirst’s highest record price of $15 million in 2014 for a golden woolly mammoth skeleton artwork. The gala raised a total of $17 million, with the first Aston Martin DB12 customer car being the top lot at $1.6 million. Additional artwork from renowned artists such as Claire Tabouret, Cecily Brown, Andres Valencia, and Robert DeNiro were also auctioned.

Meanwhile, Hirst launched a digital format of his Spin Paintings in 2023, allowing collectors to design their pieces, which can be created as a physical item, an NFT, or both. The innovative venture sold 5508 paintings, generating over $20 million in sales.

 

Marilyn Walters

Marilyn Walters is a seasoned news journalist with over two years of experience in the field. Known for her investigative reporting and insightful analysis, Marilyn has covered significant global events with an objective lens. Her relentless pursuit of truth and dedication to journalistic integrity have established her as a respected voice in today's dynamic news landscape.

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