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Zachary Formwalt: Three ExchangesProgramme | 06.02.2015
Zachary Formwalt –Three Exchanges
Salon of the MoCAB
February 6 – March 22, 2015
This solo exhibition is a result of collaboration
between Stedelijk Museum Bureau Amsterdam and The Museum of Contemporary Art Belgrade.
Curators: Jelle Bouwhuis (SMBA) and Zoran Erić (MoCAB).
Conversation with artist and guided tour: Saturday, 7 February at 1pm at the MoCAB Salon.
In the oldest of his three
installations, Unsupported Transit (2011), Formwalt concentrates on the
construction site and the construction work on the outside of the new stock
exchange in the Chinese city of Shenzhen, designed by Rem Koolhaas's Office for
Metropolitan Architecture. Shenzen has a special status as an economic zone
where the authorities allow the system of the free market to run its course.
The video diptych In Light of the Arc (2013) registers the
materialization of the same stock exchange, which is paradoxically marked by an
increasing abstraction. Since the stock trade is now entirely under control of
information technology and advanced algorithms, the trade floor itself with its
iconic golden bell now serves only a ceremonial purpose. In the third
installation, An Unknown Quantity realized this year, Formwalt turns the camera to H.P. Berlage's stock exchange in Amsterdam opened in 1903. How could Berlage, known for socialist driven
housing solutions for Amsterdam's working class, match his idealism with the
commission of designing this palace of capitalism?
work has become specifically topical due to the worldwide credit crisis of 2007
and the impact of finance and the mechanics of financial capitalism on our
economies and our social life. An important and recurrent concern in Formwalt's
work is that material outcomes of economic and social processes, such as
architectural constructions, can be captured and visualized, but the very
financial processes underlying this outcome remain elusive. His photography and
especially video work does not rely on images alone, but is usually accompanied
with a voice-over, to deal in a substantial way with the complex entanglements
of history, capitalism and image making. By juxtaposing images and sounds,
Formwalt demonstrates that history, in some ways similar to financial
transactions, appears to be insubstantial, almost transparent, despite the fact
that various consequences can be observed through the lens.
Zachary Formwalt (1979, Georgia, U.S.A.) studied at the
School of the Art Institute of Chicago and at Northwestern University,
Evanston, Illinois. In 2008 and 2009 he was a resident at the Rijksakademie van
beeldende kunsten in Amsterdam. He has had solo exhibitions at the Kunsthalle
in Basel (2009), ar/ge kunst Galerie Museum in Bolzano (2011), Casco—Office for
Art, Design and Theory, Utrecht (2010) and Kiosk, Ghent (2013). He has
participated in group exhibitions such as 'Monumentalism' at Stedelijk Museum
Amsterdam (2010), 'End of Money' in Witte de With, Rotterdam (2011), 'Homo
Economicus' at Cabinet Gallery, London (2012) and in Steirischer Herbst, Graz:
'Liquid Assets' (2013). His work is held by several institutional collections,
such as the Netherlands Photo Museum and the Stedelijk Museum Amsterdam.
Zachary Formwalt –Three Exchanges is the third exhibition in the series of the Stedelijk Museum's Global Collaborations programme.
Before coming to MoCAB the exhibition “Three Exchanges” was presented at SMBA (Stedelijk Museum Bureau Amsterdam) with which our museum established institutional cooperation and exchange in the framework of the programme “Global Collaborations”. After the exhibition by Zachary Formwalt in Belgrade, works by two artists from Serbia, Vladimir Miladinović and Nikola Radić Lucati, will be presented at the exhibition at SMBA starting from April 18, 2015.
The exhibition will run from March 22 in the Salon of the MoCAB in 14 Pariska St., every working day from 12:00 to 20:00, except Tuesdays.
The project is supported by Mondriaan Fund and Stichtung Ammodo.