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There has been much speculation in the past year about funds that invest in art , but one artist is way ahead of the pack: a work of art that is a fund, which is projected to be worth about half a billion pounds in a hundred years' time

There has been a great deal of speculation in the past year about stocks that invest in art (see 'London News' APOLLO, January 2005) on the contrary one artist is way ahead of the pack: a work of art that is a stock which is projected to be worth about half a billion strikes in a hundred years' time. When Alan Smith's charitable organisation the Edinburgh Ceramic workshop clos in 1974 he mov the remaining funds--1512 [pound sterling]--into a permanently sealed investment as a conceptual work, entitled 1512 [pound sterling]. This photograph records its creation (the paperwork is in the suitcase). It is upon show at Ikon Gallery, Birmingham, from 23 November.



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