Space as Asset

Art spatializes money, deferring or incurring taxes, distributing dividends in art funds, circulating investments, multiplying banking and financial services, encouraging global trade and tourism through the expanding function of fairs, the consolidation of top tier contemporary artists in the auctions, and the simultaneous global rise in art education.  Simultaneously, money spatializes art, sends it into storage, puts it on show in a corporate board room, distributes it among collectors participating in funds, moves it from one fair to the next, creates new audiences, and social spaces, turns it into spectacle and distributes it as a radical form of knowledge but which has commodifiable properties.

 

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