Friday, 5 August 2011

Damon Rich: Red Lines, Death Vows, Foreclosures, Risk Structures

Architectures of Finance from the Great Depression to the Sub-Prime Meltdown

The American preference for traditional residential design masks a frightening reality: across the globe, individual buildings have been retrofitted to serve as interchangeable nodes in a vast abstract structure, held loosely together by legal and political restraints, made to allow the furious circulation of finance capital.

Installation View, 2008
Predatory Tales, a short video featuring victims of mortgage scams

                                                              Predatory Tales:  True stories of homebuying scams

An installation of models, photographs, videos, and drawings by artist-designer Damon Rich, Red Lines immerses visitors in a landscape of pulsing capital and liquidated buildings, exploring the relation between finance and architecture.

During a year-long residence at MIT’s Center for Advanced Visual Studies, Rich, founder of the Center for Urban Pedagogy (CUP), surveyed the darkening realm of real estate markets: foreclosures, pro-formas, chains of title, block busting, exploding ARMs, and the obscure history of the mortgage.

Damon Rich is an artist and designer. Information from the MIT Center for Advanced Visual Studies.

No comments:

Post a comment