Conceptual artist Denis Bob has sold over 21 thousand dollars his work "Currency", which is a bundle of these notes worth 20 thousand dollars

DENIS BOB Currency. 2011
Source: artinfo.com

How much does call something art? Who wins and who loses from this? Concept Artist Bob Denis (Denis Beaubois) asked the question by examining the relationship in practice the material and cultural value of works of art. The experiment resulted for him to break the bank: Bob let the hammer at auction Deutscher and Hackett paper "currency" (2011), consisting of two stacks of bank notes in the amount of 20 000 Australian dollars.

This product has been estimated at 15-25 thousand Australian dollars. Organizers of the auction have a spread between the top and bottom bars estimate, knowing that customers can and do not want to pay 20 000 for the same 20 thousand, but still hoping that someone can pay for bills and more, presented as a work of art. So what happens if the money is to sell for money?

< p class = "mat1"> In fact, the hammer price "Currencies" has reached 21 350 Australian dollars, which is higher than the true cost of the work. However, this amount had to subtract another impressive auction house commission (in this case - 22%), and hence the final result Lot was 17.5 thousand dollars, much less than 20 000 spent on it by the author.

In the end, and the buyer and the artist, who identified a wad of money in art, were at a loss. The only winner in this case - the auction house, earned net 3850 dollars.

However, Denis Bob spends his money. According to the statement on the auction house, bank notes for "Currencies" was provided as a grant Department of Fine Arts and crafts Australian Council for Arts.

Prepared Onuchina Maria, AI

Source: artinvestment.ru