Scarce City

Wells Fargo in Flames

by Alex Schaefer

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by Jeff

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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!

-Alex Schaefer

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.

More from Alex: Website | Instagram | Twitter

Check out the behind-the-art livestreamed interview with Alex as we kickoff the auction and cover early bids.

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Bidder NameAmount (in sats)Time & Date
JeffVerified190,000,000 (1.9 BTC)June 27, 2021 9:01:59 PM UTC
pathVerified180,000,000 (1.8 BTC)June 27, 2021 8:56:56 PM UTC
JeffVerified160,000,000 (1.6 BTC)June 27, 2021 8:54:04 PM UTC
pathVerified150,000,000 (1.5 BTC)June 27, 2021 8:53:42 PM UTC
JeffVerified140,000,000 (1.4 BTC)June 27, 2021 8:53:00 PM UTC
pathVerified130,000,000 (1.3 BTC)June 27, 2021 8:52:41 PM UTC
JeffVerified110,000,000 (1.1 BTC)June 27, 2021 8:52:01 PM UTC
pathVerified100,000,000 (1 BTC)June 27, 2021 8:51:42 PM UTC
JeffVerified80,000,000 (0.8 BTC)June 27, 2021 8:51:23 PM UTC
pathVerified75,000,000 (0.75 BTC)June 27, 2021 8:50:32 PM UTC
JeffVerified70,000,000 (0.7 BTC)June 27, 2021 8:49:41 PM UTC
pathVerified65,000,000 (0.65 BTC)June 27, 2021 1:18:33 AM UTC
0xk60,000,000 (0.6 BTC)June 24, 2021 11:27:34 PM UTC
JeffVerified55,000,000 (0.55 BTC)June 24, 2021 9:27:56 PM UTC
ocallaco50,000,000 (0.5 BTC)June 24, 2021 9:10:08 PM UTC

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