The Physical Impossibility of Death in the Mind of Someone Living is an artwork created in 1991 by Damien Hirst, an English artist and a leading member of the "Young British Artists". It consists of a tiger shark preserved in formaldehyde in a vitrine. It was originally commissioned in 1991 by Charles Saatchi, who sold it in 2004, to Steven A. Cohenfor an undisclosed amount, widely reported to have been $8 million dollars, however the title of Don Thompson's book, The $12 Million Stuffed Shark: The Curious Economics of Contemporary Art, suggests a higher figure.
Due to deterioration of the original 14-foot (4.3 m) tiger shark, it was replaced with a new specimen in 2006. It was on loan to the Metropolitan Museum of Art in New York City from 2007 to 2010.
It is considered the iconic work of British art in the 1990s, and has become a symbol of Britart worldwide.
The work was funded by Charles Saatchi, who in 1991 had offered to pay for whatever artwork Hirst wanted to create. The shark itself cost Hirst £6,000 and the total cost of the work was £50,000. The shark was caught off Hervey Bay in Queensland, Australia, by a fisherman commissioned to do so. Hirst wanted something "big enough to eat you".
Because the shark was initially preserved poorly, it began to deteriorate and the surrounding liquid grew murky. Hirst attributes some of the decay to the fact that the Saatchi Gallery had added bleach to it. In 1993 the gallery gutted the shark and stretched its skin over a fiberglass mold, and Hirst commented, "It didn't look as frightening ... You could tell it wasn't real. It had no weight." When Hirst learned of Saatchi's impending sale of the work to Cohen, he offered to replace the shark, an operation which Cohen then funded, calling the expense "inconsequential" (the formaldehyde process alone cost around $100,000). Another shark was caught off Queensland (a female aged about 25–30 years, equivalent to middle age) and shipped to Hirst in a 2 month journey. Oliver Crimmen, a scientist and fish curator at London's Natural History Museum, assisted with the preservation of the new specimen in 2006. This involved injecting formaldehyde into the body, as well as marinating it for two weeks in a bath of 7% formalin solution. The original 1991 vitrine was then used to house it.
As of June 2011, it is no longer on display at the Metropolitan Museum of Art, nor has it been for "years" according to a museum representative, because it was on loan from 2007 until 2010.
Source: Wikipedia