|"Bubbles and bankruptcy: Financial crises in Britain since 1700" opens at the British Museum|
Bank Levy by Steven Bell; ink and watercolour drawing, UK, 2011; This fat cat is having its claws clipped by the chancellor of the exchequer, George Osborne, in reference to a planned increase in taxation on banks. Depicting bankers as fat cats in suits is a popular theme among satirists.
LONDON.- In 1890 Punch magazine published a cartoon entitled Same Old Game! in which employees of Barings Bank were depicted as errant schoolboys, having gambled away the banks capital through poor investment decisions. In the image they are sheepishly asking the Old Lady of Threadneedle Street, an allegory for the Bank of England, for a bailout. The Old Lady reluctantly agrees, for this once!! Her statement is intentionally ironic - this was not the first financial crisis to affect Britain and it was certainly not going to be the last.
This Coins and Medals display Bubbles and Bankruptcy: financial crises in Britain since 1700, traces the history of financial crisis from the first stock bubbles of the 18th Century through to the current banking crisis. Featuring prospectuses and original share certificates for companies that collapsed, notes from failed banks, and reports about crises. These objects provide a fascinating insight into how and why crises occur. They demonstrate that, in a world of uncertainty, even the most reasoned investment can occasionally fail.
The remainder of the exhibition explores the fertile history of satire and protest about financial crises, represented by historic prints, contemporary cartoons, protest badges and modern works of art. From the works of Dickens to Private Eye magazine, or from the satirical prints of James Gillray to a 2011 cartoon by the artist Steve Bell, there is a remarkable consistency about the way in which people have, and continue to respond to crisis.
Some of the exhibits provide humour but for unintentional reasons. The exhibition features, for example, a congratulatory champagne bottle given out by Northern Rock to its employees in 1997. This was to celebrate the demutualisation of the building society to become a bank. The bottle provides an ironic reminder that demutualisation was supposed to enable Northern Rock to expand its business interests. However, history records that its investment portfolio would fail within ten years, triggering the first bank run on a UK bank since 1866.
The centrepiece of the exhibition is a contemporary sculpture entitled House of Cards by Justine Smith, a London-based artist. The artist has stacked real UK notes instead of the playing cards, symbols of gambling, that typically make up a house of cards. The artwork neatly symbolises the sometimes precarious nature of financial speculation.
November 30, 2012
"The thousand and one nights" exhibition casts a spell at the Arab World Institute in Paris
Christie's London Autumn Russian Art Week Sales achieve a combined $26.7 million
Sotheby's London November 2012 Russian Art Sales Series concludes realising $33 million
Napoleon's letter in which he vows to 'blow up Kremlin' for sale in Fontainebleau
Mandala for Crusoe: New works by Francesco Clemente at Blain/Southern in London
Jimi Hendrix owned and worn 'gypsy style' vest leads Heritage Auctions entertainment and music event
Sotheby's Paris announces sale of Art Nouveau masterpieces formerly in the Garden Museum, Nagoya
Exhibition in Los Angeles explores maps and monuments through diverse works
Survey of American artist Gary Simmons's career opens at Metro Pictures in New York
Exhibition of new paintings by Carroll Dunham opens at Gladstone Gallery in New York
Toledo Museum of Art acquires sculpture by noted Spanish artist Jaume Plensa
New mixed media paintings by American artist Greg Miller at Scream Gallery in London
'World's largest horse-drawn hearse: 19th-century carriage is a Czech museum hit
Tick, Tack, Tick, Tack, Tick: Stuart Whipps exhibits at David Dale Gallery in Glasgow
Crusader sword captured from Mamluk Arsena in Alexandria gives £163,250 edge to Bonhams sale
"Bubbles and bankruptcy: Financial crises in Britain since 1700" opens at the British Museum
Entire collection of decorative arts recently acquired by the Art Gallery of South Australia goes on display
Survey of the work by contemporary photographer Jeff Wall opens at the National Gallery of Victoria
Sotheby's Milan sells a small canvas by Giorgio Morandi for 420,750 Euro
New series of Photorealist oil paintings by Israeli artist Yigal Ozeri on view at Mike Weiss Gallery
Most Popular Last Seven Days
1.- 'Feeling Van Gogh' makes art accessible for visually impaired visitors
2.- Art lovers get naked for new exhibition tours at the National Gallery of Australia
3.- Broken in life, Billie Holiday enjoys revival on the 100th anniversary of her birth
4.- Research reveals significantly different composition in Jean-Honoré Fragonard's Young Girl Reading
5.- Retrospective exhibition of photographs by Luke Smalley opens at ClampArt
6.- Jewish teenager Anne Frank died at least a month earlier than thought, new study says
7.- Archaeologists find items that attest to the existence of an Egyptian administrative centre
8.- 'All the Rage in Paris: Diaghilev's Ballets Russes' on view at the McNay Art Museum
9.- Exhibition illustrates the fascinating creativity of Gustave Doré in an era of great changes
10.- Cynthia Lennon, British first wife of John Lennon, dies aged 75: Julian Lennon
Museums, Exhibits, Artists, Milestones, Digital Art, Architecture, Photography,
Photographers, Special Photos, Special Reports, Featured Stories, Auctions, Art Fairs,
Anecdotes, Art Quiz, Education, Mythology, 3D Images, Last Week, .
|Royalville Communications, Inc|