Tender functions differently than other sculptures. It is designed to reveal what happens as culture creates value. In the inverse of conventional notions of sculpture, Tender is accessible to anyone at an affordable price and will, in effect, pay for itself, while earning toward the production other sculpture, generating income for the state in the form of tax on earnings, enrich a cultural institution with a donation, and leave a randomly chosen winner with an artwork.
The objective of Tender is to illustrate the physical and cultural origins of value and to gauge the participant's response to the under-recognized act of its generation. A hybrid coin striker/bill printer, Tender will mint a proprietary currency that commemorates the exhibition, and functions like a lottery, wherein the currency is the “ticket” and the sculpture itself is the prize.
Tender seeks to turn experience into effect. Your coin or bill—your lottery "ticket"—for which you paid a fixed amount, is about to generate an entirely new value. While you might view it as a souvenir, a token, as a piece of art in itself, it's also an opportunity to acquire something that will generate a value all its own.
An equal amount of consecutively numbered coins and paper bills (with a "value" of $500,000 in each form) will be produced and will serve both as the lottery "tickets" themselves and as souvenirs of Ideas City and TRANSported. Once Tender produces a million tickets (over a series of installations, Brookfield Place being the first), a number will be drawn and a winner announced.