Speculation and Acceleration: Financialization, Art & The Blockchain

Ashley Lee Wong

Speculation and Acceleration: Financialization, Art & The Blockchain

Ashley Lee Wong^*

^*Corresponding author for this work

School of Creative Media

Research output: Conference Papers › RGC 32 - Refereed conference paper (without host publication) › peer-review

Abstract

This paper looks at the financialization of art and the economy through a discussion on how art functions as financial instrument and gains value by its circulations as images, digital objects and information. These economies of original and scarce artworks and the ubiquitous symbolic value of art as information also underpins by the new blockchain models presented by start-ups looking to ‘disrupt’ the art market. Artists are also are exploring finance as medium through their work as a reflection on their own economies and practices. Through an analysis of artist projects and start-ups, this paper explores the new models and possibilities of blockchain for the economies of art.

Original language	English
Publication status	Presented - 7 Jan 2019
Event	International Symposium on Computational Media Art (ISCMA) 2019: Art Machines - CityU Run Run Shaw Creative Media Centre, Hong Kong, China Duration: 4 Jan 2019 → 7 Jan 2019 https://www.cityu.edu.hk/iscma/ https://iscma.scm.cityu.edu.hk/openconf/modules/request.php?module=oc_program&action=program.php https://www.cityu.edu.hk/iscma/conference-salon https://www.cityu.edu.hk/iscma/article/art-machines-international-symposium-computational-media-art-iscma

Conference

Conference	International Symposium on Computational Media Art (ISCMA) 2019
Abbreviated title	ISCMA 2019
Place	Hong Kong, China
Period	4/01/19 → 7/01/19
Internet address	https://www.cityu.edu.hk/iscma/ https://iscma.scm.cityu.edu.hk/openconf/modules/request.php?module=oc_program&action=program.php https://www.cityu.edu.hk/iscma/conference-salon https://www.cityu.edu.hk/iscma/article/art-machines-international-symposium-computational-media-art-iscma

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title = "Speculation and Acceleration: Financialization, Art \& The Blockchain",

abstract = "This paper looks at the financialization of art and the economy through a discussion on how art functions as financial instrument and gains value by its circulations as images, digital objects and information. These economies of original and scarce artworks and the ubiquitous symbolic value of art as information also underpins by the new blockchain models presented by start-ups looking to {\textquoteleft}disrupt{\textquoteright} the art market. Artists are also are exploring finance as medium through their work as a reflection on their own economies and practices. Through an analysis of artist projects and start-ups, this paper explores the new models and possibilities of blockchain for the economies of art. ",

author = "Wong, \{Ashley Lee\}",

year = "2019",

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language = "English",

note = "International Symposium on Computational Media Art (ISCMA) 2019 : Art Machines, ISCMA 2019 ; Conference date: 04-01-2019 Through 07-01-2019",

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TY - CONF

T1 - Speculation and Acceleration

T2 - International Symposium on Computational Media Art (ISCMA) 2019

AU - Wong, Ashley Lee

PY - 2019/1/7

Y1 - 2019/1/7

N2 - This paper looks at the financialization of art and the economy through a discussion on how art functions as financial instrument and gains value by its circulations as images, digital objects and information. These economies of original and scarce artworks and the ubiquitous symbolic value of art as information also underpins by the new blockchain models presented by start-ups looking to ‘disrupt’ the art market. Artists are also are exploring finance as medium through their work as a reflection on their own economies and practices. Through an analysis of artist projects and start-ups, this paper explores the new models and possibilities of blockchain for the economies of art.

AB - This paper looks at the financialization of art and the economy through a discussion on how art functions as financial instrument and gains value by its circulations as images, digital objects and information. These economies of original and scarce artworks and the ubiquitous symbolic value of art as information also underpins by the new blockchain models presented by start-ups looking to ‘disrupt’ the art market. Artists are also are exploring finance as medium through their work as a reflection on their own economies and practices. Through an analysis of artist projects and start-ups, this paper explores the new models and possibilities of blockchain for the economies of art.

M3 - RGC 32 - Refereed conference paper (without host publication)

Y2 - 4 January 2019 through 7 January 2019

ER -

Speculation and Acceleration: Financialization, Art & The Blockchain

Abstract

Conference

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