
Money is a figment of our imagination. Strictly speaking, it serves merely as a medium of exchange to facilitate our everyday transactions. Bearing no intrinsic value nor bound by any tangible assets (such as gold), money need not take physical form in order to exist. It endures purely as information and in turn, governs almost every facet of our daily lives because of the meaning we give it. Consequently, money –or rather, the love of money– is considered to be the root of all evil. If that were the case, what then, could be the root of all money?
At the 11th edition of CreativeMornings Utrecht (22 February 2013), Dutch artist Dadara (Daniel Rozenberg) summed-up his response in a single word: love. As founder and CEO of the Exchanghibition Bank, Dadara has engrossed himself entirely in monetary affairs and is now in the business of turning art into money. By designing and printing one-of-a-kind banknotes of exuberant denominations (millions, billions or zero) and inviting people to exchange them for legal tender at his pop-up bank, the artist-turned-banker is challenging the original construct of money, exploring alternative options in its place. Fascinated by the arbitrary precedence that money has been given by society, Dadara has become expertly obsessed with its inner workings.
“The whole project started from an art perspective,” the CEO said during the morning’s post-lecture interview. “I’ve always been an artist my whole life and I always created things because I felt I had to do it. It’s like total intrinsic motivation. And then, at a certain age you start realizing that the world works in a different way because people don’t do things because they want to do them, but because they earn money. I always compare the world to a giant playground with a parking meter.” Frustrated by this “pay-as-you-play” reality, Dadara was initially anti-money, paying no mind to its worldly significance.
Continue reading “Penny for Your Thoughts | The Art of Turning Art Into Money”
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