THE MIDAS TOUCH – Bill(ig)
Size:15x15x5cm; Materials: authentic €100,00 bill, unique handmade cardboard packaging, sealing wax, artist’s personalized stamp.
IS ART WORTH HAVING? - WHO IS ART FOR? - DOES MONEY ESTABLISH THE REAL VALUE OF AN ARTWORK?
The work wonders about the value of art in relation to either its extrinsic and intrinsic characteristics.
THE MIDAS TOUCH_Bill(ig) was an online-auction-based work.
Starting from an opening price of €1,00, participants could bid according to their perception of art's value.
The winner of the online auction can decide whether to open the packaging and spend the 100€ bill contained inside the box or to save the entire object as an artwork. Depending on the amount of money bid, the winner may have earned up to 90 times the value of the bid itself.
However, in order to save the object's status as an artwork, the entire work must be kept intact, as declared on the Certificate of Authenticity delivered along with the artwork.
The €100,00 bill had been withdrawn from the Deutsche Bank’s ATM of Weimar, Germany, then was registered on the EuroBillTracker archive, according to which the bill results to be originally printed at Banca d’Italia (Italy, Rome).
The €100,00 bill, as it is original, has a unique identification code.
BIDDING HISTORY (click on the image, then click again to enlarge)
Euro Bill Tracker archive
The image shows the EuroBillTracker archive, where the 100€ bill has been registered.
EuroBillTracker (EBT) is an international non-profit volunteer team dedicated to tracking Euro notes around the world.