January 28, 2010

Artwork selling itself on eBay


Wiredy: "How much would you pay for an artwork that you could only own for a week? Well, the current price for artist Caleb Larsen's piece stands at $2,600 (£1,610) and its eBay auction is to run for another 6 days 8 hours.

A Tool to Deceive and Slaughter, 2009, is a black, acrylic box that places itself for sale on eBay every seven days thanks to an internet connection, which, according to the artist's conditions of sale, must be live at all times. Disconnections are only allowed during transportation, says the creator.
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Here's how it works. The purchaser can set a new value for the artwork, which must be based on "current market expectations" of Larsen's work, and which could be considerably more than the price they paid. When A Tool to Deceive and Slaughter decides it wants to be sold again, bidders will start their battle at the value set by the current owner.

This is where the art collector could make money. However they must first pay any fees to eBay and give Larsen 15 percent of any increase in value of the artwork. "

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