Experimenta

 

/ Kongkee / Wendy Tai / Phoebe Man / Woo Ling-ling / Justin Wong / Linda Lai / Cedric Maridet / Hector Rodriguez / Gina Wong

A-USUAL OBJECTS

A fund-raising event for the AUW Support Foundation for the Asian University for Women, Bangladesh// Saturday, July 25, 2009, 4:00-8:00pm //
curated by Linda LAI // produced by Gina WONG // sponsored by EXPERIMENTA

 

/ Gina See-yuen WONG /

Money on the Wall

2009 / 100 notes of HK$100 dollar bills to be framed between two glass panels / 28" x 24"
Additional information: the notes will be framed in a condition such that they can be used; total amount of bills used for the work is HK$10,000.

Gina_money-on-wall

This image is a stand-in for the actual work which can only be viewed at Experimenta.

 

This work is conceived especially for the event "A-Usual Objects" as a critique of the art market. I invite artists and collectors to give me a suggested price for the work. If you price it above HK$10,000, then you are expressing a value for the concept of the art work. If you price it below, then the fact that this had been done as an art piece actually diminishes the value of the money on the wall.

 

Quotes and notes I collected include : 

"The best art is the most expensive, because the market is so smart" Tobias Meyer, Sotheby's worldwide head of contemporary art.   

"..if you are asked to give a reliable estimate of the price of a work without seeing it, ask what the size is, which technique the maker used.. the age of the artist and the place of residence of artist.  Interestingly, the age, reputation of galleries hardly affect the price level ... in other words, 'expensive' galleries are expensive because they sell works of 'expensive' artists". 

"The golden rule is to price the art work according to size rather than quality." 

In art, money is almost never an instrument of justice.  If insignificant art is sold for enormous sums of money, then that would suggest that money is pretty meaningless.  So why pay less? As American art criticJudith Huet wrote, in art and money, the "goal is paradoxical : Always pay more."

 

ARTIST'S BIO

Yuen graduated from the London School of Economics and Political Science in Monetary Economics in 1989 and the University of Hong Kong in Comparative Literature in 2007.  During the time between these two degrees, she had been an investment banker, an entrepreneur, a film maker and an artist. She currently lives and works in Shanghai and Hong Kong.