"with every sale of the artwork,
a part of it is destroyed"

With the new rise of Bitcoin 2020, a new trend emerged in the art market
- the NFT (Non Fungible Token).
These are digital artworks that are secured by a programmed code
and therefore can not be multiplied.

In just a few weeks, the prices of the NFTs rose up to 7000% for the works.
In February 2021, one NFT sold at Christies for $69 million dollars.

This euphoria of the new art market was accelerated, in which the artworks quickly passed from one owner to the next. change.
This high volume of trading is a typical symptom of a speculative bubble...

The problem with a speculative bubble is:
When we are in it, it is very hard to recognize it!

This installation picks up the feeling of a speculative bubble at the point where it begins: you - the art buyer.

These NFTs are provided with a smart contract: There is programming in the code because the image changes as soon as it is resold.
With each sale, the colorful tulip fields disappear.

The new owner must decide:
He keeps the work of art, the picture remains or he sells it on and destroys thereby irreparably a part of the work. 

The artist Sven Sauer gives responsibility about the existence of the artwork in the hands of the art collectors.
The decisions that are made from this moment on have consequences on the artwork.

The installation was created in collaboration with sound artist Bony Stoev.
The composition is based on the account data of the artist's money movements, which was translated into a sound tapestry and combined with the sounds of money counting machines.

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Tulip fever (Tulipsmania)


Tulip mania (also tulip hysteria) is a period in the Dutch Golden Age when tulip bulbs became an object of speculation.
In 1637, the price of a tulip bulb rose to the equivalent of a farm before the market abruptly collapsed.
The tulip fever counts as the first documented stock market crash of mankind.

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