I dispense, divide…
I dispense, divide, assign, keep, hold
with Pamela Carter (Playwright), Ismail ErtÃ¼rk (Cultural Economist), Anna Heymowska (Set Designer), Hamadi Khemiri (Actor)
‘I dispense, divide, assign, keep, hold’ constitutes another stage in The NordenskiÃ¶ld Model, an experiment in theatrical finance articulated as a series of free-standing public rehearsals. The NAK hosts a scene developed by the artists in collaboration with cultural economist and former banker Ismail ErtÃ¼rk attempting to imagine a future numismatics of a Credit Default Swap (CDS). Numismatics being the study and collecting of coins and currency, ErtÃ¼rk uses the current financial situation of Greece to trace the material remains of present day financial instruments. The Kunstverein itself becomes a stage for this imaginary numismatic collection, which also references the various developmental phases of monetary and financial economy: a coin from the 4th century BC, an antique money-changerâ€™s table from the seventeenth century with a special sliding mechanism, as well as a display of the current Ger- man national debt. The money-changerâ€™s table, featured centrally in the NAK exhibition, has left its traces on todayâ€™s world of finance. Called â€œbancaâ€ in Italian, it is the origin of the word â€œbankâ€. If a money changer became insolvent, the device â€“ the â€œbancaâ€ â€“ was destroyed; â€œbanca rottaâ€ indicated bankruptcy.
On August 12 the final day of the exhibition, bankruptcy will also be declared at the NAK and the money-changerâ€™s table will be destroyed.
NAK. Neuer Aachener Kunstverein
Money changer’s table (It. banco, Gr. trapeze) Southern Germany, late 17th Century.
Photo: Simon Vogel.
12 Centimes, Haiti, 1814. Value within circular snake (ouroboros).
Banca Rotta, Stockholm School of Economics, 2016. Photo: Jean-Baptiste BÃ©ranger