He told The Age last month he stood to make no profit from the project. ''I'm not getting paid a cent,'' he said. ''If it's sold, the money I make will be used to finance part two of the project, which is a series of performance/video works on the division of labour, and capitalism.''
Aspects of Arts Law such as Moral Rights, which protect artists from someone, including the owner, defacing or destroying their work, (although in this case it is important to the artist that the new owners should be entitled to and may choose to ‘break it up’ and spend the cash)...How much more interesting would it be to ask people to buy a stack of legal currency that they are not allowed to spend?
This listing (190367275705) has been removed, or this item is not available."Perpetual" turned out to be "for a while, then who knows?"
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Nailed To A Wall had a reserve price of £500,000, half the face value of the cash used in its construction, which Scotland on Sunday's reporter Robert Dawson Scott was "fairly confident... really was £1 million [in cash]". The catalogue entry for the artwork stated: "Over the years the face value will be eroded by inflation, while the artistic value will rise and rise. The precise point at which the artistic value will overtake the face value is unknown. Deconstruct the work now and you double your money. Hang it on a wall and watch the face value erode, the market value fluctuate, and the artistic value soar. The choice is yours."
posted by dng at 4:03 PM on August 31, 2011 [4 favorites]