WHILE Britain braces itself for a winter of hardship, isn’t there something vaguely obscene about billionaire speculators splashing out a record £11 million for the pretentious tat that Damien Hirst calls art?

They may believe prices for Hirsts can only go up. But an awful lot of people thought that about the America housing market, too.

When the Hirst bubble bursts, as surely it will, they’ll have nothing more valuable to show for their millions than the odd pickled animal, well past its sell-by.

The unspeakable in possession of the uneatable.

Colin Henson, Ullswater, Woodthorpe, York.