This artwork is part of an ongoing series of paintings of Too Big To Fail banks on fire that started in 2011 and continuing to this day. I love to paint en plein air, in the mountains, at the seashore and on the city streets. Starting with the first one I painted set up directly across the street, the police were called on me, an “incident report” was filed and three weeks later I had homeland security detectives at my home asking me “Do you hate these banks??” LOL I had a similar answer to their questions as Picasso did did when confronted by police about his painting Guernica: “I didn’t do this, they did.”
To this day the paintings of this series remain relevant with people around the world for two reasons: 1) Nothing that originally sparked the outrage to paint the first one has changed for the better in any way and 2) they are exceptional paintings and will stand out as works of art over time. The sheer audacity of the existence and acceptance of “too big to fail” and “too big to jail” along with the endless money printing and miscarriage of justice that maintains this ongoing failure is what spurs me to continue painting these pictures. The only thing that has emerged for the better in all this time is cryptocurrency.
The root of so many problems in the world today is the money itself, how it’s made, who gets it first and where that is spent. I hear the word “systemic” a lot these days and I’ll say this: the U.S. Dollar is THE Systemic Problem, it is systemic violence and inequality on a local and global scale. The grind of the USD system that the World is trapped in triggers a cascade of problems: depression, addiction, crime, homelessness, racism/xenophobia ad nauseum. Bitcoin is the exit from the collapsing system and the bridge to a never before seen era where the money power is placed in the hands of the People.
I’m excited to put this artwork up for auction for BTC, some old school non-fungible aka one of a kind painting on canvas meets the digital future of the Art World!
Materials: oil on canvas
Dimensions: 18” by 24”
Weight: 3 pounds w/frame
Painting will include a wet ink on paper signed Certificate of Authenticity.
Alex Schaefer was born in Los Angeles, California in 1969 and is an active fixture in contemporary art. He can be found quite often with his art supplies, easel and a canvas on the sidewalks of the bustling city painting streetscapes en plein-air capturing the light and the movement with his outgoing style, keen eye, and skill as a colorist. In 2011 Schaefer gained international recognition for his art with an ongoing series of banks on fire in protest of financial crimes. His oeuvre is wide ranging from traditional plein-air landscapes, cityscapes and street scenes to figurative nudes, portraits and abstract and imagination paintings. His main influences are the painterly “old masters”, the early French Impressionists and the San Francisco Bay area figurative and abstract artists of the 1950’s and the London School.
Check out the behind-the-art livestreamed interview with Alex as we kickoff the auction and cover early bids.
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We will email you if the owner accepts your offer.
1,000,000 sats ($0.00) minus your previous deposit(s)
Call the high bidder’s bluff by bidding below them. If they don’t pay the bid amount, you’ll win the auction.
|Bidder Name||Amount (in sats)||Time & Date|
|Jeff||190,000,000 (1.9 BTC)||June 27, 2021 9:01:59 PM UTC|
|path||180,000,000 (1.8 BTC)||June 27, 2021 8:56:56 PM UTC|
|Jeff||160,000,000 (1.6 BTC)||June 27, 2021 8:54:04 PM UTC|
|path||150,000,000 (1.5 BTC)||June 27, 2021 8:53:42 PM UTC|
|Jeff||140,000,000 (1.4 BTC)||June 27, 2021 8:53:00 PM UTC|
|path||130,000,000 (1.3 BTC)||June 27, 2021 8:52:41 PM UTC|
|Jeff||110,000,000 (1.1 BTC)||June 27, 2021 8:52:01 PM UTC|
|path||100,000,000 (1 BTC)||June 27, 2021 8:51:42 PM UTC|
|Jeff||80,000,000 (0.8 BTC)||June 27, 2021 8:51:23 PM UTC|
|path||75,000,000 (0.75 BTC)||June 27, 2021 8:50:32 PM UTC|
|Jeff||70,000,000 (0.7 BTC)||June 27, 2021 8:49:41 PM UTC|
|path||65,000,000 (0.65 BTC)||June 27, 2021 1:18:33 AM UTC|
|0xk||60,000,000 (0.6 BTC)||June 24, 2021 11:27:34 PM UTC|
|Jeff||55,000,000 (0.55 BTC)||June 24, 2021 9:27:56 PM UTC|
|ocallaco||50,000,000 (0.5 BTC)||June 24, 2021 9:10:08 PM UTC|
HOW IT WORKS
RESERVE PRICE: 0.5 BTC
1. Deposit 1% of your bid as collateral and just top it off for additional bids
2. The winning bidder has 4 hours to pay their final bid. If they don't, they lose their deposit(s) and the next highest bidder has a chance to pay their high bid.
3. Once the item is paid for, deposits are refunded to the remaining participants.
HOT ZONE RULES
Under $250 worldwide with insurance.
A shipping deposit of $250 is added to the winning bidder's final balance. The difference is returned to them along with the shipping receipt.
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