Bono's Auction Banks $42.5M for AIDS Fight

Bono’s charity auction, organized with the help of Sotheby’s and Damien Hirst, raised $42.5M for AIDS charities. The auction, which took place at the Gagosian Gallery in Manhattan last night, broke sale records for 17 artists, including Banksy, whose Keep It Spotless work made $1.8m, according to BBC News. Mr. Hirst donated seven of his works, including a cabinet filled with drugs to treat HIV. "Tonight we got serious about love, and not just the love of art, but the love of our brothers and sisters suffering from Aids in the poorest places on the planet," Bono said at the auction. "I’m never going to be cynical ever again for a while," Mr. Hirst told the BBC. "We’ve helped change the world a little bit."

Bono’s new global brand, Product Red, which gives a share of its profits towards the fight against Aids in Africa, also lent its name to the event.

Other sales included Jeff Koons’ Balloon Rabbit Wall Relief (Red), which was snapped up for just over $2m (£1.03m).

The proceeds go to the United Nations Foundation to support HIV/Aids relief programs in Africa, organized by the Global Fund to fight Aids, tuberculosis and malaria.

 

Bono's Auction Banks $42.5M for AIDS Fight