13 September 2009

Cartrain & Hirst - part 2, pencils

The story...
16 year old graffiti artist Cartrain walked into the Tate Britain (London) and removed a packet of pencils from one of Damien Hirst exhibits. Damien Hirst and Cartrain have a long-standing rocky history. Earlier this year Hirst targeted the young graffiti artist Cartrain using Design and Artists Copyright Society (DACS) for breach of copyright infringement on his latest series of artworks being sold via 100artworks.com.

The box of very rare "FABER CASTELL dated 1990 Mongol 482 series" pencils were removed from Damien Hirst's "PHARMACY installation" by Cartrain on Thursday the 2nd of July around 4pm. Not long after the pencils were removed from the installation a fake police 'appeal for assistance' posters appeared all around London.

Cartrain's Demands...
For the safe return of Damien Hirst's pencils I would like my artworks back that DACS and Hirst took off me in November. It’s not a large demand. He can have his pencils back when I get my artworks back. DACS are now not taking any notice of my emails and I have asked nicely more than five times to try and resolve this matter. Hirst has until the end of this month to resolve this or on 31st of July the pencils will be sharpened. He has been warned.

Image of police poster...

Cartrain was arrested on Friday the 17th July 2009. The same day the story was printed in the Independent newspaper. He was arrested and put on on bail until September the 11th 2009.

-10,000,000 pounds worth of damages (yes that's 10 million).
-500,000 pounds worth of theft.

Bail conditions...
-Cartrain is not allowed to post anything on the Internet.
-Cartrain is not allowed in any public building that displays art.
-Cartrain is not allowed in any public or private building displaying Damien Hirst's artworks.

If Cartrain is convicted we think this will be the highest value modern art theft on UK soil. The pencils have to be placed back in to the installation by Hirst in person.

Image of the police bail form...

Sources of information...

Pencil Images...
http://www.flickr.com/photos/100artworks/3707603610/ (Print pulled form sale)
http://www.flickr.com/photos/100artworks/3707602796/ (the pencils)
http://www.flickr.com/photos/100artworks/3696754195/ (fake Cartrain police poster)

Cartrain Images about Hirst...
100artworks online urban art gallery

Its interesting how Hirst gets his pencil valuation of 500,000 pounds. According to Australian accounting, you value assets at the LOWER of cost price or market price. So the question is, how much did Hirst pay for the pencils? He can make up any large figure he likes for market price, but the accounting valuation will still be the cost price if it was lower. Perhaps the UK rules are different, but I doubt it.

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