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Inicio  /  Finance and Society  /  Vol: 2 Núm: 2 Par: 0 (2016)  /  Artículo
ARTÍCULO
TITULO

Contemporary art, capitalization and the blockchain: On the autonomy and automation of art?s value

Laura Lotti    

Resumen

This article addresses contemporary art as a means to investigate how, and to what extent, financial logic impacts upon the socio-cultural sphere. Its contribution is twofold: on the one hand, the article shows that contemporary art?s valuation practices increasingly reflect the logic of capitalization; on the other hand, it assesses the emancipatory potential of blockchain technology for the cultural sphere. In relation to the latter I argue that, in spite of the technological novelty of blockchain-based art projects, these nonetheless fail to challenge a received logic of finance. This exposes the limitations to technological determinism as a means of countering financial power in the socio-cultural sphere, and points to new problems for art?s valuation methods in relation to the liquid logic of algorithmic finance.

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