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Olfactory installation.


Marcel Broodthaers created a fictitious "Museum of Modern Art " and then publicly declared its bankruptcy. Spectators could participate in the fate of the museum by buying a gold bar with the museum's marking at a price twice the market value. In memory of this promotion, I create my ingot. But there are no stamps on it, markings and the name of the bank. This is a faceless symbol of the modern art market.

The series “Money does not stink” is a product of industrial production, the artist’s hands almost did not touch the objects. Iron sheets, inscriptions, ingot, fabric and bollard were manufactured by factories.

What is it? Art or product? How should the price of these works be formed? Can I declare a high cost or request only compensation for materials? Will the works increase in price if a legend is invented and a detailed description is attached ? And how much is the idea worth?


For me it was important to create a series in which I embody my idea by the means of others' skills. And almost not in contact with art. Is it important for what you got the money and how much real art can cost? 


Initially, the ingot was supposed to smell like shit, because the expression "Money does not stink" was born in ancient Rome, when the emperor imposed a tax on toilets. But since we can not install special huge hoods, it scents of iron and orange!

Material: Stainless steel, plywood, polyfoam.

Size: 2х76х76 cm

Smell by I.Vaganova. Iron, citrus.

Open Studios, Winzavod. Moscow.



Project partner:

WINZAVOD contemporary art center, Moscow.

Founded in 2007 by Sofia and Roman Trotsenko, Winzavod is one of the first and biggest private contemporary art centers in Russia. Winzavod supports Russia’s contemporary art by uniting all areas of culture in one space that is open to public and creating a comfortable environment for its development.

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