Joe Bun Keo

Yes, I'm in debt. I am in debt due to taking out a combination of private and public student loans to attend a four year private university art school. In addition, I've taken out credit cards to cover cost of everyday living expenses such as car repairs, utilities, healtcare, groceries, etc.

DEBTFAIR MANIFESTO

THE ART MARKET HAS BOOMED TO RECORD LEVELS WITH $66 BILLION IN SALES IN 2014.

 A VAST MAJORITY OF THIS WEALTH FLOWS ONLY TO  A SELECT FEW AS A SPECULATIVE ASSET.

 THIS SPECULATIVE SYSTEM HAS COME TO DOMINATE NOT ONLY AUCTIONS AND GALLERIES BUT MUSEUMS AND UNIVERSITIES.

 THE PRICE OF ENTRY INTO THE CULTURAL SPHERE IS RISING COSTS, PRECARIOUS LABOR AND EXCESSIVE  STUDENT DEBT.

 ARTISTS ARE NOW FORCED TO TAKE ON EXTREME RISK INDIVIDUALLY.

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Proposal to Reveal Debt in an Art Gallery or Art Fair

Occupy Museums is seeking partners with an interest to host and/or co-develop the logic of indebted art exhibition.Currently we are working with the concept of "unused space." This means that bundles of undebted art from a community of indebted artists on this site(open for new artists to join) can be hung out of sight between the studs in an art gallery (with another show mounted on top), or along the top 50 cm of  art fair walls.  We will then attempt to trade on the bundles to help alleviate the artist's debt burdens, while highlighting the issue.

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