[...] Art objects critical of their own status as assets are still assets. Contemporary art has shaped the world like any other market. Freeport art storage is just a new take on the Swiss bank, housing millions of artworks in tax-free and mostly extraterritorial storage zones. In “If You Don’t Have Bread, Eat Art!” and “Is Art a Currency?” Steyerl argues that art is an alternative currency, “a networked, decentralized, widespread system of value,” and that its industries “trigger trickle-up effects which are then flushed sideways into tax havens.” But it is not a common currency available to all. As Steyerl writes, “Contemporary art is just a hash for all that’s opaque, unintelligible, and unfair, for top-down class war and all-out inequality.”
[...] Art objects critical of their own status as assets are still assets. Contemporary art has shaped the world like any other market. Freeport art storage is just a new take on the Swiss bank, housing millions of artworks in tax-free and mostly extraterritorial storage zones. In “If You Don’t Have Bread, Eat Art!” and “Is Art a Currency?” Steyerl argues that art is an alternative currency, “a networked, decentralized, widespread system of value,” and that its industries “trigger trickle-up effects which are then flushed sideways into tax havens.” But it is not a common currency available to all. As Steyerl writes, “Contemporary art is just a hash for all that’s opaque, unintelligible, and unfair, for top-down class war and all-out inequality.”
(noun, Greek mythology) protective mantle of Zeus given to Athena
Artists will admit their complicity with the market. But they often do so under the aegis of sleek facades that turn in on themselves
Artists will admit their complicity with the market. But they often do so under the aegis of sleek facades that turn in on themselves