Black Scholes

United States

Size: 2.9 H x 2.9 W x 0.7 in

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Originally listed for $375

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Artist Recognition

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Art Description

Sculpture: Metal, Graphite and Wood on Wood.

Black Scholes

"Don't Take Any Wooden Nickels"
An early 20th century slogan suggesting one should be careful in one's dealings.
The Wooden Nickel being the focus here, as in its history, it has been issued as a commemorative, a token, a souvenir, and as real Emergency Currency.

“Black Scholes”, Coin #1 of Dark Money, a series of sculptures that leverages the familiar forms of Currency
and Trade to create representations of the more vaporous concepts in International Finance.
Concepts that are clearly defined in Legalese and Mathematics, yet lack any coherent public description.

The Black-Scholes Formula, developed by Fischer Black and Myron Scholes, represents the mathematical model of a financial market containing investment instruments with implied Neutral Risk.
It assumes that the market consists of at least one risky asset, and one risk-less asset.
It attempts to take an Averaged or Hedged position on a large number of these investment instruments, where the risk-less overwhelm the risky, thereby granting a AAA Rating on the overall governing instrument.
Credit Default Swaps and Collateralized Debt Obligations are two of these governing instruments.
These are the two primary instruments that ruined the American Dream of home ownership.
As with most financial disasters, there was a warning, and Black-Scholes foretold it’s own Warning.
The Volatility Smile was that Warning.

Visual Narrative:

Lighthouse ( Implied Guidance )
Lighthouse Beam ( Focused - keep moving or Get Burned )
Message in a Bottle ( Random Distribution of Information )
Shoal ( Navigational Obstruction, and/or, Crowd Behavior )
Fish ( Potential Abundance )
Waves (The Crowd, Bound by Indecision )
Equation ( Religion of Mathematics )
Guilloche Pattern ( Implied Credibility )
Volatility Smile ( Early Warning not headed )
Thirty Pins ( Traditional 30 year Mortgage )
Moon ( Thought to cause Madness, or Lunacy )
Brass ( The distraction of Bling )
Graphite Finish ( A Lubricant. Viscosity. Slippery )

The value of Dark Money is based on timing. When, where and under what conditions it is spent.
However, as with all currency, the real value goes to those that invent and manufacture it.

Black Scholes, the sculpture, is made from Mexican Royal Ebony and 260 Brass, stained with Graphite.
2.9 in / 73.6 mm in diameter, 0.7 in / 18 mm deep.

Keywords: Maddness, Coin, Currency, Finance, Financial, Dark Money, Investment, Shoal, Lunacy, Black Scholes, Wooden Nickel

Subjects: Water

Styles: Conceptual, Documentary, Realism

Mediums: Metal, Graphite, Wood

Materials: Wood

Prints: Water Art Prints, Conceptual Art Prints, Documentary Art Prints, Realism Art Prints, Metal Art Prints, Graphite Art Prints, Wood Art Prints, Wood Art Prints

Artist Recognition

Artist featured in a collection Artist featured by Saatchi Art in a collection