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507088_Dead Head III, Damien Hirst

Asset value
124.100 €
Earning potential
18.08%
Splints left
2.482/2.482
Investment horizon in years
2-4
Return-to-Risk Assessment
8/10
Performance since release
+0.0%

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Main reasons to invest

  • Return potential📈: An investment of €500 could reach an estimated value of €972 in 4 years.

  • Cost-to-return ratio⚖️: After deducting 3.2% in annual total costs, your net return could reach 18.1% per year.

  • The weight of time ⌛: Hirst’s skull works capture a universal human truth: the tension between life’s fragility and its value. Dead Head III distils this idea into a simple yet powerful image that resonates across cultures. For many collectors, owning a Hirst skull painting is owning a symbol – a reminder of time, meaning, and the stories we preserve through art. It is both emotionally charged and historically significant.

Description

Investment Thesis: đŸ“
 
Metric Value
Investment Horizon 2–4 Years
Expected CAGR (Balanced) 18.1% p.a. after fees
Ambitious CAGR 21.8% p.a. after fees
Entry Basis ~24.1% below gallery value
Sharpe Ratio 0.79 (vs. SMI: 0.61)
Value at Risk (VaR) 87.5 % chance to exceed €124,100 after 4 years
Standard Deviation 24.2%
Risk Rating B (7.2/10 - Moderate Risk)
 
  • 2 – 4 year horizon: Captures medium-term appreciation as the contemporary art market continues its recovery and demand for Hirst’s core motifs strengthens.
  • 18.1% CAGR (balanced): Based on a 75% replication of Hirst’s historical CAGR between 2018 and 2022, combined with a 24.1% acquisition discount.
  • 21.8% CAGR (optimistic): Reflects stronger market recovery, renewed gallery activity, and continued global demand for skull-themed works.
  • ~24.1% entry discount (ante-fees): The purchase price of €124,100 sits siginificantly below the estimated gallery retail value of 145,000 EUR, increasing upside potential and lowering downside risk.
  • Sharpe ratio of 0.79: Indicates a solid risk-adjusted return that exceeds the 5-year SMI benchmark of 0.61.
  • 87.5% VaR threshold: Suggests a high probability of exceeding €124,100 after 4 years, supporting capital protection.
  • Standard deviation (24.2%): Reflects typical volatility for blue-chip contemporary artists with global exposure.
  • Risk rating “B”: Balanced profile with strong cultural relevance, institutional visibility, and favorable entry pricing.
Why Invest in This Category? đŸŽ¨
Art has long been collected for its cultural, emotional, and economic value. Works by established contemporary artists offer strong demand, proven market depth, and broad institutional support. Investing in a blue-chip name like Damien Hirst combines financial potential with the appeal of owning a culturally significant artwork, making this category attractive for both new and experienced collectors.
Why Invest in This Asset? đŸ’Ž

Damien Hirst (b. 1965, Bristol, UK) is one of the most influential and commercially successful artists of his generation.

Hirst studied Fine Art at Goldsmiths College, University of London (1986–1989), where he developed his distinctive artistic language and became a central figure in the emerging Young British Artists (YBAs) movement. During his time there, he organized the seminal student exhibition Freeze (1988), which launched his career and that of several peers. His Goldsmiths years established his reputation for challenging conventions and addressing provocative themes around life, death, and value.

Hirst rose to prominence in the 1990s as a leading YBA, alongside Tracey Emin and Marc Quinn, gaining critical and commercial acclaim for his conceptual and often controversial works. His use of animals suspended in formaldehyde and the diamond-encrusted skull For the Love of God (2007) became icons of contemporary art. In 1995, he won the Turner Prize for his installation Mother and Child Divided, cementing his position as one of Britain’s most important contemporary artists.

Throughout his career, Hirst has demonstrated a remarkable ability to reinvent his practice, creating distinct bodies of work such as the Spots, Spin Paintings, Butterflies, and Skulls. His wide-ranging practice spans installation, sculpture, painting, and drawing.

His most recognized works, including The Physical Impossibility of Death in the Mind of Someone Living (1991) and For the Love of God (2007), have established him as both a cultural phenomenon and a dominant figure in the global art market.

Since 1987, Hirst has held more than 90 solo exhibitions worldwide and participated in over 300 group shows. In 2012, Tate Modern presented a landmark retrospective as part of the Cultural Olympiad, 
reaffirming his global significance.

Other major solo exhibitions include the National Archeological Museum, Naples (2004); Rijksmuseum, Amsterdam (2008); Palazzo Vecchio, Florence (2010); Oceanographic Museum, Monaco (2010); the Qatar Museums Authority: Al Riwaq, Doha (2013–2014); Astrup Fearnley Museet, Oslo (2015); Palazzo Grassi and Punta della Dogana, Pinault Collection, Venice (2017); Haifa Museum, Israel (2019); Galleria Borghese, Rome (2021); Fondation Cartier, Paris (2021); the National Art Center, Tokyo (2022); MUCA, Munich (2023); Museo Jumex, Mexico City (2024); and Albertina Modern, Vienna (2025).

Hirst’s work is represented in major international collections, including the British Museum; Tate; the Museum of Modern Art, New York; the Hirshhorn Museum and Sculpture Garden, Washington, D.C.; the Stedelijk Museum, Amsterdam; the Yale Center for British Art; The Broad Collection, Los Angeles; the Victoria and Albert Museum, London; Fondazione Prada, Milan; and Museo Jumex, Mexico City, among many others.

Selected Solo Shows:

•    2025
“Drawings”, Albertina Museum, Vienna, Austria  

•    2024
“The Civilisation Paintings”, Phillips, London, UK
“To Live Forever (For a While)”, Museo Jumex, Mexico City, Mexico 
“The Light That Shines”, Château La Coste, Aix-en-Provence, France 

•    2023 
“The Weight of Things”, Museum of Urban and Contemporary Art (MUCA), Munich, Germany 
“Where the Land Meets the Sea”, Phillips, London, UK

•    2022
“The Currency”, Newport Street Gallery in collaboration with HENI, London, UK
“Natural History”, Gagosian, London, UK   
“Cherry Blossoms”, The National Art Center, Tokyo, Japan
“Myths, Legends and Monsters”, Gagosian, Gstaad, Switzerland
“Forgiving and Forgetting”, Gagosian, New York, USA

•    2021
“His Own Worst Enemy”, White Cube, Hong-Kong
“Emergency Paintings, Danger Paintings, Hazard Pictures and Seizures”, Gagosian, London, UK
“Forgiving and Forgetting”, Gagosian, Rome, Italy
“Cherry Blossoms”, Fondation Cartier, Paris, France
“Archaeology Now, Galleria Borghese, Rome, Italy
“Cathedrals Built on Sand”, Gagosian, Paris, France
“Relics and Fly Paintings”, Gagosian, London, UK
“Fact Paintings and Fact Sculpture”, Gagosian, London, UK

•    2020
“End of a Century”, Newport Street Gallery, London, UK

•    2019
“Mandalas”, White Cube, London, UK 

•    2018
“Color Space Paintings”, Gagosian, New York, USA 
“Colour Space Paintings and Outdoor Sculptures”, Houghton Hall, Norfolk, UK
“The Veil Paintings”, Gagosian, Los Angeles, USA

•    2017
“Visual Candy and Natural History”, Gagosian, Hong-Kong
“Treasures from the Wreck of the Unbelievable”, Palazzo Grassi and Punta della Dogana, Venice, Italy

•    2016
“Damien Hirst: The Last Supper”, National Gallery of Art, Washington, USA 

•    2015
“Damien Hirst”, Astrup Fearnley Museet, Oslo, Norway
“Love”, Paul Stolper Gallery, London, UK

•    2014
“Black Scalpel Cityscapes”, White Cube, São Paulo, Brazil
"Schizophrenogenesis", Paul Stolper Gallery, London, UK
“Damien Hirst: The Psalms”, McCabe Fine Art, Stockholm, Sweden

•    2013
“Relics”, Quatar Museums’ Al Riwaq exhibition space, Doha, Qatar
“Entomology Cabinets and Paintings, Scalpel Blade Paintings and Colour Charts”, White Cube, Hong Kong 

•    2012
“Two Weeks One Summer”, White Cube, London, UK
“Damien Hirst”, Tate Modern, London, UK
“Utopia”, Paul Stolper Gallery, London, UK
“The Complete Spot Paintings 1986-2011”, Gagosian – held in simultaneous locations, New York, London, Paris, Los Angeles, Rome, Athens, Geneva and Honk Kong 

Selected Group Shows:
•    2025 
“Triple Trouble”, Newport Street Gallery in collaboration with HENI, London, UK  

•    2024 
“Le Monde Comme Il Va”, Bourse de Paris – Collection Pinault, Paris, France 
“Duane Hanson | Damien Hirst”, Gagosian, London, UK

•    2023
“Before Tomorrow – Astrup Fearnley Museet”, Astrup Fearnley Museet, Oslo, Norway
“Andy Warhol to Damien Hirst: The Revolution in Printmaking”, Albertina Modern, Vienna, Austria
“Reaching for the Stars: From Maurizio Cattelan to Lynette Yiadom-Boakye”, Palazzo Strozzi, Florence, Italy

•    2022
“Take Care: Art and Medicine: Wanderings through the history of illness and healing”, Kunsthaus, Zurich, Switzerland

•    2021
“Essential Schemes”, Helwaser Gallery, New York, USA
“Hong Kong Exchange”, Gagosian, Hong-Kong

•    2020
“Love, Life, Death, and Desire: An Installation of the Center’s Collections”, Yale Center for British Art (YCBA), New Haven, USA
“Works On Paper From A Distinguished Private Collection”, Acquavella Galleries, Gagosian and Pace Gallery – joint exhibition , New York, USA

•    2019
“New Order: Art, Product, Image 1976-95”, Sprueth Magers, London, UK
“A Rebrousse Temps”, Musée Camille Claudel, Nogent-sur-Seine, France
“Visions of the Self: Rembrandt and Now”, Gagosian, London, UK
“Post Truth, Fake News & Alternative Facts”, Haifa Museum, Israel

•    2018
“Counterpoint: Selections from The Peter Marino Collection”, Southampton Arts Center, Southampton, USA
“Dime-Store Alchemy”, The FLAG Art Foundation, New York, USA
“Dancing With Myself”, Punta della Dogana – Pinault Collection, Venice, Italy


The work, Dead Head III, belongs to a broader body of work in which Hirst explores the universal themes of life, death, and the perception of mortality among the living. Although there is no officially titled sequence of works such as Dead Head I or Dead Head II, this painting is clearly connected to The Dead (2009), a seminal print series comprising thirty-one silkscreen prints of skulls rendered in vivid, contrasting colors. Both Dead Head III and The Dead were created in 2009, reflecting the artist’s sustained engagement with the skull motif during this period.

The skull holds a central place in Hirst’s visual language, serving as one of his most recognizable and enduring symbols. Its recurrence across multiple bodies of work—paintings, prints, and sculptures—has become synonymous with his artistic identity. This recognizability plays a key role in shaping the market appeal of such works, as the motif stands among Hirst’s most iconic and culturally resonant subjects.
Conclusion đŸŽŻ
Dead Head III combines rarity, cultural relevance, and measurable upside. The strong discount, Hirst’s institutional support, and resilience within his core motifs create an attractive proposition for investors seeking mid-term growth. With validated provenance and a clear data driven case, this asset offers both emotional appeal and strong financial potential.

Expert

M&A Arts SĂ rl

M&A Arts represents the leading edge in art and finance, spearheaded by Asher Edelman, the renowned investor and art collector. With an unparalleled experience and extensive relationships in the art world, M&A Arts offers deep knowledge and expertise in the financial aspects of the art market.

Additional details

Asset ID
780970ba-c15f-4881-b370-b083dd1e4b14
Name
Dead Head III
Artist
Damien Hirst
Publication year
2009
Size
74.6 x 59.7 cm
Number of editions
Unique piece (1/1)
Material
Oil/newspaper/canvas

Documents

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