Art League Houston presents Debtfair opening reception
In collaboration with artists from Occupy Museums, Art League Houston will present Debtfair, an exhibition which aims to expose the relationship between economic inequality in the culture industry and artists' growing debt burdens. The exhibition features work from 60 Texas-based artists who responded to an open call inviting artists to submit artworks that are of equal relative value to their monthly debt payment. The works in this exhibition represent a collective debt of over $3 million, with interest rates ranging from zero using income-based repayment plans to as high as 19%.
By focusing on a monthly debt payment as a position of value, artists and viewers are asked to consider the fluctuating relationships of artists' time, development, creative production, exploration, community, and sustainability under increasing financial burdens. Answering questions on their economic realities as part of the open call process, participating Debtfair artists reveal the enormity of the often speculative loan industry with debts to over 30 financial institutions represented amongst the 60 participants. Displayed directly inside wall openings between studs in Art League Houston's Main Gallery, the work of exhibiting artists will invoke the layers of extraction that exist in most spaces and those particularly present in the rarified value system of the culture industry.
Following the opening reception, the exhibit will be on display through January 11, 2016.