#Art #sculpture idea for a big name artist, titled WORTH LESS:
A cube containing one million crisp, new US dollar bils, encased in a thick box made of bulletproof, airtight glass, mounted on a granite slab, sealed such that the notes are kept in prisitine condition in perpetuity (such a cube will measure about 40″ on each side; a faux example exists in the US treasury).
The piece will be sold at cost: $1M plus parts and labor; receipts provided. The conceit of the piece is that the money encased in the box will be worth less over time because of inflation. Whoever buys the piece also has taken one million dollars of their wealth and caused it to sit in a box for display instead of investing it, so the piece represents the opportunity cost of buying an art piece.
We assume the piece itself will appreciate in value, and may be traded in the future for more money than it contains, sparking discussion about what it is that art buyers pay for, money laundering in art, and whether art has inherent value.