Running a book (2020, ongoing) is an artist’s book that uses stocks and shares as its medium. Its chapters will manifest as artistic interventions in public space, enabled by future interest earnings. The artwork therefore doubles as an experimental funding mechanism for public art, specified below.
Artist’s books are a genre of artwork that use the form or concept of a book as inspiration: Printed Matter has more on this. Running a book is a durational performance that runs an experiment in artworld sustainability mechanisms. It also critiques its own medium by aiming to filter its investments toward equities that help build ethical city futures.
The artwork’s title plays on the phrase ‘running a book’ - financial jargon for managing a portfolio of investments, or issuing new equity. In this case, the artist is running the book, and the book is an artwork and experimental funding model at the same time. The ethos of the constituent portfolio of stocks is a form of ‘impact investing’ – stock allocation that aims to have a positive impact on society through investment decisions. This portfolio will broadly invest in future cities by focusing on stocks and shares, listed on the Johannesburg Stock Exchange, that are oriented towards sectors changing the urban fabric for the better. These may include for example green technology, green and blue bonds, sustainable infrastructure, climate change mitigation, mobile payments, blockchain advances, and other kinds of forward-thinking innovations like ethically screened exchange-traded funds.
Such impact is carried forward in the use to which proceeds are put. The portfolio, capitalised by the artist, will be run on a long-term, income-generating strategy. Any proceeds will enable temporary art interventions in public space, manifested through guerilla gallery, a nomadic platform that biennially enables artistic projects in offspaces. These projects will be considered chapters in the artist’s book subsequently published in public space and online.
This artist’s book turns equity into ephemeral end results that resist financial and other kinds of capture. In so doing it reverses prevailing instrumentalisation and supports experimental work. The idea for Running a Book emerged from my PhD research, which proposes an ecological value model for a more resilient artworld ecosystem, positioning the public value of art as foundational. It brings different notions of collectivity, or commoning, together from the world of collecting (structural thinking) and the world of the studio (artistic thinking).
The portfolio for Running a book was fully capitalised in January 2020 and investments will be made as and when. Asset allocation updates and related information about the process will be published here, as well as guerilla gallery’s blog and @guerillaza.
Due to the current viral pandemic, the artist’s book is making gradual equity allocation decisions and is currently 60% invested. The first trade was carried out in September 2020 to purchase technology shares on the Nasdaq index via an exchange traded fund; shortly followed by an investment into emerging markets (ESG fund), then green infrastructure and most recently altoin. Click on portfolio breakdowns below to view.