Arts and Entertainment The Bay Psalms Book sold for $14.2 million at a Sotheby's New York auction last night

The work has become the most expensive printed book in the world

D-day for Damien: Is Hirst about to turn the art market on its head or finally come a cropper?

On 15 September Damien Hirst has a surprise in store for the art world and perhaps also for himself. At the New Bond Street Sotheby's he will mount an audacious two-day auction, entitled Beautiful Inside My Head Forever, of 223 artworks, made by himself and to be sold by himself. This is a money-spinning feat by a living artist on a scale never attempted by an auction house or an art gallery. For this reason alone there are mutters along Bond Street that Hirst's sale will be the moment that his bubble bursts.

Hirst hopes to turn a £20,000 doodle into £2m

New works by Damien Hirst, including a sheep with a golden horn and a zebra in formaldehyde, are expected to fetch £65m when they go under the hammer at Sotheby's in September.

£300m: Fashion king's art collection in sale of century

Auction houses go to war for the right to stage the biggest private-owner sale ever

U2's studio Basquiat sells for £5m

A painting which hung in U2's recording studio in Dublin has been sold at auction for more than £5m, 19 years after it first caught the eye of the rock group's bass player, Adam Clayton, in a New York gallery.

Hirst hopes to revolutionise art market with 'Golden Calf'

A calf in formaldehyde with gold-plated horns and hooves leads a collection of previously unseen work by Damien Hirst that will be auctioned off this summer in a move that could revolutionise the sale of contemporary art.

The Error World, By Simon Garfield

Confessions of a man with a serious addiction to gummy paper squares

Move over, Monet – the Germans are coming

After decades of dominating the art auction market in multimillion-pound sales, the Impressionists are now being challenged by German Expressionists

Russian buyer snaps up £2.7m decoration that was worn by the tsar

A diamond-encrusted military decoration once worn by Russian tsars and their families sold yesterday for a record £2.7m to a private Russian collector.

Apostle of surrealism has last laugh over €1m auction

André Breton, the apostle of surrealism, would probably have been amused rather than annoyed. Art historians and critics are puzzled and angry.

Bacon's triptych expected to fetch £35m

The most important Francis Bacon triptych to remain in private hands looks set to smash all records for the artist when it goes on sale at Sotheby's in New York for an estimated £35m.

Sikh protests stop Sotheby's auction of 'religious relic'

Sotheby's has withdrawn a rare 18th-century steel armour plate from public sale after protesters claimed it was a religious relic which may have been owned by one of Sikhism's holiest figures, Guru Gobind Singh.

Lincoln letter expressing hope of an end to slavery sells for $3.4m

Abraham Lincoln's heartfelt letter to youngsters who asked him to free America's "little slave children" has been sold at auction for $3.4m (£1.7m).

Paperback: The $12 Million Stuffed Shark, by Don Thompson

How did a Damien Hirst shark ever come to be "worth" $12m, or a Jackson Pollock drip painting $140m? This enthralling, revelation-rich trip through the "money game" of the art market brings an economist's eye and a dry, sceptical wit to its absurdities. The secret, for Thompson, lies in the alchemy of modern branding for artists like Hirst, collectors like Saatchi, auctioneers like Sotheby's, galleries like Gagosian. The jaw drops and the head spins as this figure-packed expos shows, from Bacon to Warhol and Koons, how celebrity and marketing mated to breed hyper-inflation of prices and names. And it proves (with statistics) why art is a lousy investment.

Picture Post: Holy Lotta Art: Jimmy Page's tapestry

When rock stars reach the top of their game, they are prone to making extravagant purchases. And when they've come back down to earth, there's a place for them to dispose of the swag – art auctions. Next week, The Quest for the Holy Grail: the Achievement, a tapestry by Pre-Raphaelite artist Edward Burne-Jones, will go under the hammer at Sotheby's. The masterpiece is expected to fetch £1m and its vendor is none other than Jimmy Page, guitarist in the recently reformed Led Zeppelin.

Recruitment: You need to use your head and a hammer

Can you command a room and get people to part with their money? Then try auctioneering, says Hazel Davies
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There will be a chance to bid for a rare example of the SAS Diary, collated by a former member of the regiment in the aftermath of World War II but only published – in a limited run of just 5,000 – in 2011
charity appealTime is running out to secure your favourite lot as our auction closes at 2pm tomorrow
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