The Superadditum

Action which consisted of inviting Icelanders to become their own bank by designing their own currency and changing this into Icelandic crowns at a flexible exchange rate fixed by the artist.
National Academy of Art, Parliament Square, and various other places, Iceland, September to October 2011.

This action was intended as a generous attempt to reduce the countries debts thanks to the personal savings of the artist, who was himself seriously affected by the economic crisis.
The designers of those banknotes had two choices.  To either change their notes into Icelandic crowns on the spot or to receive, at a later date,  a percentage on the sale of the notes now designated as ‘Works of Art’. This was on the understanding that, the act of banking on the ability of the artist to exhibit and  sell them at a good price, could be considered to be the very financial speculation which had led to their loss in the first place. On top of receiving the counter value of their notes in crowns, the participants were given an ‘official‘ exchange receipt and a copy of the trading contract.

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