The world of art is just as bound to the economy as are all other spheres of modern life. Works of art have increasingly become an object of financial speculation, viewed only as a profitable investment. Public museums are financially dependent on private collectors. The private collectors themselves are dependent on public museums to legitimize the works of art they’ve acquired.
New Deal / No Deal "occupies" the tension-filled domain between the easily consumed spectacle, the art market, and art itself, which attempts to find a way out of the profanization of everyday life.
Courtesy Sammlung Baldauf / Türk, Leipzig