{"id":1065,"date":"2016-06-29T07:47:37","date_gmt":"2016-06-29T14:47:37","guid":{"rendered":"http:\/\/www.heuermontage.com\/?p=1065"},"modified":"2016-06-29T07:47:37","modified_gmt":"2016-06-29T14:47:37","slug":"art-in-hiding","status":"publish","type":"post","link":"https:\/\/www.heuermontage.com\/?p=1065","title":{"rendered":"Art in Hiding"},"content":{"rendered":"

\"IMG_2563\"<\/p>\n

When I first came across the term\u00a0Freeportism<\/em> I wondered what it could possibly mean. Finding out made my heart sink. Did someone say\u00a0curiosity kills the cat? The word was coined by Stefan Heidenreich, Professor at the Art Academy D\u00fcsseldorf, and refers to the practice of storing artworks in locations that are free from customs duties and taxes\u00a0around the world, so called free ports. Millions of artworks. Geneva alone has a storage site that holds up to one million pieces, all in temperature controlled racks, carefully packed in wooden boxes, ready to be shipped to auction. Or not – depending on the current and future market prices.<\/p>\n

\"IMG_4498\"There are whole empires of these free ports, from Luxembourg to Singapore, allowing art to be un-seen. Why on earth, you might ask? The answer is of course: money. And I am not just talking about hedge funds, derivatives or futures applied to art collection. Rather, art out of view is the perfect way to launder dirty money since there is no transparency.<\/p>\n

Hito Steyerl, one of the first to recognize this threat to artists’ self-legislation, wrote: “conditions of possibility are no longer just the elitist \u201civory tower,\u201d but also the dictator\u2019s contemporary art foundation, the oligarch\u2019s or weapons manufacturer\u2019s tax-evasion scheme, the hedge fund\u2019s trophy,\u00a0the art student\u2019s debt bondage, leaked troves of data, aggregate spam, and the product of huge amounts of unpaid \u201cvoluntary\u201d labor\u2014all of which results in art\u2019s accumulation in freeport storage spaces and its physical destruction in zones of war or accelerated privatization.”<\/p>\n

We have a luxury goods market of a trillion dollars of which art comprises about 5%. Not many people who collect modern art any longer look at the inherent value of a piece – it has become a commodity of speculation, hidden in wooden crates so the market is regulated against flooding. Maybe the only way to see art in the future is on the street….<\/p>\n

\"IMG_4448\"<\/p>\n

Read about it in more detail here:\u00a0http:\/\/www.e-flux.com\/journal\/freeportism-as-style-and-ideology-part-i-post-internet-and-speculative-realism\/<\/a>\u00a0And weep.<\/p>\n

\"IMG_2503\"<\/p>\n

I am inclined to report that I have a freeport of my own that holds my stacked works in fantasies of future buyers: it is called my closet…..<\/p>\n

\"IMG_2396\"<\/p>\n","protected":false},"excerpt":{"rendered":"

When I first came across the term\u00a0Freeportism I wondered what it could possibly mean. Finding out made my heart sink. Did someone say\u00a0curiosity kills the cat? 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