Tuesday, 18 March 2008

Good logic

'Salathé & White' is an interesting project of the artists Marcel Salathé and Anthony White. Some information from their website:

- The project:
"To sum up the project in one sentence: we auction our collaborative paintings and guarantee to buy them back at a specific price, indicated on the painting, upon safe return during a specific month, also indicated on the painting. Put differently: each painting is a bond or more precisely a zero coupon bond."

- Why?
"Here is the reasoning behind the first Salathé & White painting:
1. Everything is valued by the price someone is willing to pay. Art is no exception.
2. The longevity of a piece of art depends on its value, not its beauty. That's because beauty is in the eye of the beholder, while money is not.
3. The price someone is willing to pay is generally influenced by the price paid before.
4. Hence, the first price paid is crucial.
5. Ergo: the longevity of an artwork is crucially depending on the first price paid.

If you agree with this logic, that's because it is good logic.

If you disagree with this logic, that's because it is art."

Their second painting (see picture) was just auctioned on eBay and sold for no more than 960 dollars. A bargain.

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