Artist Damien Hirst is in negotiations to replace the shark in his iconic work featuring a shark in formaldehyde. “The animal suspended in formaldehyde has deteriorated dramatically to the naked eye since it was first unveiled at the Saatchi Gallery in 1992 because of the way it was preserved by the artist. The solution which surrounds it is murky, the skin of the animal is showing considerable signs of wear and tear, and the shark itself has changed shape.”