Frank Dunphy, the man behind Damien Hirst’s financial/art world domination, is stepping down as his business manager. Dunphy was active during Hirst’s most prolific period of output and helped mastermind ambitious projects including the record-breaking $127 million 2008 Sotheby’s auction, “Beautiful Inside My Head Forever” and the infamous diamond studded skull. Dunphy will remain on the board of directors of Hirsts Company and as a consultant until retiring at the end of the year. He will be succeeded by James Kelly,who joins Hirst Holdings after more than 20 years as a senior partner at international accountancy and tax advisory firm, Rawlinson & Hunter.
Successful Artists in the league of Damien Hirst,Jeff Koons and Anish Kapoor have flourished in the 21st century.They have become less dependent on their galleries and more reliant on business managers,who transform them into self-contained corporations in their own right.
(‘Photo:The Elton John of the Art World’ 2009 © PC Robinson ArtLyst )