January 25, 2005
New colour of money
Two Danes are trying establishing an alternative to the conventional monetary world order. The solution is not gold, oil nor gas but simply self composed art.
Art Money has so far bought one of the entrepreneurs 10% of his house. The concept is quite simple – you create little pieces of art at the size of a 100 dollar bill. The concept has been funded by the South Korean company E K Productions with 2 million dollar. The funding will result in a conference in South Korea later this year and is scheduled to be a yearly event in a new city every year.
Art Money is now floating in the UK, US, Canada, Korea and Denmark and 1.500 artists have produced their own Art Money.