You Have Been Misinformed with Stephan Dillemuth. 2008
Reinterpreting some of the formal elements of an obsolete modernist plaza in NYC’s financial district – 77 Water Street – the artists invoked some of the more glamorous days of Manhattan, when arts and financial markets started with a certain optimism to weave the global fabric. Plopped into the “plaza” is an installation of video fragments that recreate articles and quotes from the Financial Times and the International Herald Tribune as performance pieces reporting on art finance, the credit crunch and the new class of mega-rich art patrons. The video was filmed on site in the Wall Street area and on the waterfront under the George Washington Bridge.
As public spaces have become privatised, and the arts have entered a new phase – becoming merely another alternative asset of dubious financial schemes and speculations. The installation and videos reflect upon these developments as well as the connections between the declarations of Sotheby’s chief executive Bill Ruprecht, the machinations of Ukraninan industrial entrepreneur Victor Pinchuk and the mad, apocalyptic ravings of CNBC financial pundit Jim Cramer.
You Have Been Misinformed, Reena Spaulings Gallery, NYC, NY, USA. 2008