Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/309327 
Authors: 
Year of Publication: 
2016
Citation: 
[Journal:] Finance and Society [ISSN:] 2059-5999 [Volume:] 2 [Issue:] 2 [Year:] 2016 [Pages:] 96-110
Publisher: 
University of Edinburgh, Edinburgh
Abstract: 
This article addresses contemporary art as a means to investigate how, and to what extent, financial logic impacts upon the socio-cultural sphere. Its contribution is twofold: on the one hand, the article shows that contemporary art's valuation practices increasingly reflect the logic of capitalization; on the other hand, it assesses the emancipatory potential of blockchain technology for the cultural sphere. In relation to the latter I argue that, in spite of the technological novelty of blockchain-based art projects, these nonetheless fail to challenge a received logic of finance. This exposes the limitations to technological determinism as a means of countering financial power in the socio-cultural sphere, and points to new problems for art's valuation methods in relation to the liquid logic of algorithmic finance.
Subjects: 
Contemporary art
valuation
capitalization
computation
blockchain
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by-nc-nd Logo
Document Type: 
Article

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