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NEWS: ROUND UP

Pyrrhic Victories

DENIS BEAUBOIS, Currency, 2011, two sections of uncirculated AUD 100 banknotes, 6.5 x 15.8 x 1.2 cm each. Courtesy Deutscher and Hackett, Melbourne.

By common sense, $20,000 is worth $20,000. But in this year of toppled dictators, fragile world financial order and natural destruction, Australian artist Denis Beaubois defied economic rationality by selling his artwork of two piles of AUD 20,000 in cash, Currency (2011), for just $17,500. Adding to the confusion, after the auction house Deutscher and Hackett’s 22-percent premium, the buyer forked out $21,350. Beaubois must…

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