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Works by some of the world\u2019s most renowned contemporary artists are set to go on permanent display for the first time in the Irish capital.<\/p>\nWorks by some of the world\u2019s most renowned contemporary artists are set to go on permanent display for the first time in the Irish capital.<\/p>\n
Banksy, Andy Warhol and Damien Hirst are among the artists whose work visitors will be able to enjoy with the opening of a dedicated contemporary gallery in central Dublin.<\/p>\n
Gormleys Contemporary will also feature works by other international stars such as Grayson Perry, Ian Davenport, Roy Liechtenstein and Keith Haring.<\/p>\n
Managing director Oliver Gormley said he wants to provide a permanent place for the viewing and purchasing of world class art.<\/p>\n
He said artworks are still increasing in value despite the financial chaos associated with the coronavirus pandemic.<\/p>\n
\u201cThe contemporary art market comprising artists such as Banksy, Warhol, Hirst and others is very strong with Warhol\u2019s pieces, for example, increasing in value by an average of 5-10 per cent per year over the last 30 years,\u201d he said.<\/p>\n
\u201cBanksy\u2019s work is a superb investment. As an example, we sold a signed Girl With A Balloon for \u20ac160,000 in 2017, and one from the same edition sold at auction this month for \u20ac477,000.<\/p>\n
\u201cSimilarly, we sold an unsigned Flying Copper in the same year for \u20ac8,600 and one from the same edition reached \u20ac82,300 at auction last week \u2013 increasing by almost 900 per cent.<\/p>\n
\u201cLike commodities such as gold, the market for high-end contemporary art has increased in value during the current crisis.\u201d<\/p>\n
The gallery is also opening a permanent sculpture garden featuring 30 pieces including top artists such as Patrick O\u2019Reilly, Bob Quinn, Ian Pollock, Anthony Scott, Eamonn Ceannt and Sandra Bell.<\/p>\n
Mr Gormley added: \u201cI am fascinated by the emotional connection between art and how people view it.<\/p>\n
\u201cThe thing I love about it is that you can be standing talking to a millionaire or a pauper looking at a piece of art and have the same conversation.\u201d<\/p>\n
The exhibition can be found above Gormleys Fine Art on South Frederick Street.<\/p>\n