So I created this quick piece of art, made up of 12 custom printed Lego tiles. Eleven are $2 bills and there is one £10 note.
Art always has some financial value – whether or not we choose to sell it, share it or give it away for free. An example is a Banksy which has no initial value (it is effectively unauthorised graffiti on a wall). But immediately it becomes valuable and people pay many thousands for the art which isn’t easily transportable or moveable. In this piece, if it was real, it would be hard to put a value on it – if we work in dollars it should be at least $22 plus the conversion rate for the £10; if we work in English pounds it should be at least £10 plus the conversion rate for the $22. And that conversion rate varies – fluctuates all the time. So as a minimum there is no base calculation that can be applied – but a snapshot at that time.
And that is really what art is about. Capturing a snapshot of something in time. What’s really cool today might not be a few years later – and yet years later it becomes cool again. And the value will also change.