MoneyLab: Coining Alternatives
Session 3: Critical Art Practices
Conference Day1 (21 March 2014)
Amsterdam-based artist Dadara is internationally known for public sculptures that intertwine performance and multimedia to critically challenge our relations to different utopias. In this session he will present his experiences of two particular projects.
Exchanghibition Bank: In today’s financial crisis art is frequently cited as an advantageous alternative asset class. But do the millions of dollars that might buy you a Hirst, a Koons, or a Picasso have anything to say about social and artistic value? The potential for change? Whatever your opinion, the Exchanghibition Bank is committed to serving Art: The Art of turning Art into Money.
Transformoney Tree (exhibited at the Burning Man Festival, Nevada): Our current form of currency is increasingly turning from a neutral medium of exchange into a system, solely based on our trust, that mortgages the present moment for an ever-receding future payoff. Participants at Burning Man Festival were able glue banknotes to the Transformoney Tree. In this process money lost its financial value, but became added value for the artwork. Money has become almost a part of our Nature, so it’s hard to realize that for a large part of their history humans lived without Money, and this might be the case again in the future. But long after Money is gone Nature will still be there, and we might still be able to pick things of real value from trees.