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Author Topic: Pop art fail crashes dollar parity party  (Read 1639 times)

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Offline Chris_

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Pop art fail crashes dollar parity party
« on: August 31, 2011, 06:11:55 PM »
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Pop art fail crashes dollar parity party

The artwork Currency, 2011 sold for $17,500 (plus buyers commission and GST of $3850) when it went under the hammer at Deutscher and Hackett in South Yarra last night.

The work, by artist Denis Beaubois, consists of 200 new $100 notes, stacked and bound in two piles, and accompanied by a list of the notes' serial numbers

Beaubois funded the work with a $20,000 grant from the Australia Council.
The Age

This is why government has no business subsidizing art.  You end up with dumbshits like this guy on the payroll.
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Offline LC EFA

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Re: Pop art fail crashes dollar parity party
« Reply #1 on: August 31, 2011, 07:01:20 PM »
I wonder if I could get one of those grants.

Go out and blow 20 grand on top shelf booze and then glue the empty bottles together in a untidy pile.

Would I have to sprinkle cigarette ash and butts on it like glitter to appeal to todays audiences ?

Perhaps if I put it in a big tank filled with the urine created by the artistic process...

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Offline Chris_

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Re: Pop art fail crashes dollar parity party
« Reply #2 on: August 31, 2011, 07:03:47 PM »
What is GST?  Sales tax?
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Offline LC EFA

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Re: Pop art fail crashes dollar parity party
« Reply #3 on: August 31, 2011, 07:05:53 PM »
Quote from: chris_ on August 31, 2011, 07:03:47 PM
What is GST?  Sales tax?

Goods and Services Tax.

It's the 10% gimme the Commonwealth government attaches to the sale of pretty much any good or service.
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Offline BlueStateSaint

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Re: Pop art fail crashes dollar parity party
« Reply #4 on: August 31, 2011, 07:19:36 PM »
Quote from: LC EFA on August 31, 2011, 07:01:20 PM
I wonder if I could get one of those grants.

Go out and blow 20 grand on top shelf booze and then glue the empty bottles together in a untidy pile.

Would I have to sprinkle cigarette ash and butts on it like glitter to appeal to todays audiences ?

Perhaps if I put it in a big tank filled with the urine created by the artistic process...



For added effect, a used condom or three draped over the bottles might be a good touch.
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Offline DumbAss Tanker

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Re: Pop art fail crashes dollar parity party
« Reply #5 on: August 31, 2011, 08:21:49 PM »
Quote from: LC EFA on August 31, 2011, 07:01:20 PM
I wonder if I could get one of those grants.

Go out and blow 20 grand on top shelf booze and then glue the empty bottles together in a untidy pile.

Would I have to sprinkle cigarette ash and butts on it like glitter to appeal to todays audiences ?

Perhaps if I put it in a big tank filled with the urine created by the artistic process...



Doesn't sound like a winning proposition in this case for the artist, the entire 20K was used to create the piece, which means he's out all the time and effort aside from some certain intangible change to his rep, which might be for good or bad.  Also while the buyer had to pay the GST, the seller/artist would normally have to pay the auction commission (Over here, anyway), so the artist would have come out fairly well into the red on the whole deal.

After GST, the buyer arguably came out the worse for it too, since the work is worth just about the 20K in currency and nothing more. 

The Commonwealth got their taxes, but netted against the 20K grant for this dreckfest, they lost money big time.

The only winner here was the auction house.
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Offline thundley4

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Re: Pop art fail crashes dollar parity party
« Reply #6 on: August 31, 2011, 08:34:36 PM »
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200 new $100 notes, stacked and bound in two piles

Oh come on. We have all seen the kidnap movies where the ransom is paid with stacks of bills, but only the top and bottom of each stack is real.  That's what the artist did and he kept all the rest of the cash for himself.
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