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British artist David Shrigley opened “Exhibition of Old Rope” at Stephen Friedman Gallery in London on Thursday, featuring four enormous piles of discarded rope with a £1 million price tag—a literal interpretation of the idiom “money for old rope” that serves as his most direct commentary yet on contemporary art market values.theartnewspaper
The installation, marking Shrigley’s ninth solo show with the gallery after nearly three decades of collaboration, fills the Cork Street space with 10 tonnes of reclaimed maritime and industrial rope collected over seven months from seaports, climbing centers, offshore wind farms, and shorelines across the UK. A bright orange neon sign in the gallery window announces the exhibition title in Shrigley’s distinctive handwriting, mimicking commercial signage while undermining traditional gallery aesthetics.stephenfriedman
Shrigley describes the £1 million asking price as both provocation and justification. “By weight, it’s actually very good value,” he told reporters, noting that collectors “are not going to get an awful lot of art for a million pounds, but 10 tonnes, I think, represents quite good value for money”. Gallery owner Stephen Friedman told the BBC the work could go to a private collection, institution, or foundation, adding, “We will find a good home for it”.myleaderpaper
The timing positions Shrigley’s work within a recalibrating art market. While Maurizio Cattelan’s duct-taped banana “Comedian” sold for $6.2 million at Sotheby’s in November 2024, the broader contemporary art market saw sales fall to $65 billion in 2024, down 4% from 2023, according to the Art Basel & UBS Art Market Report released in April 2025.artsy
Beyond market commentary, the installation addresses environmental concerns. The rope—primarily synthetic polyester and nylon from the UK’s centuries-old rope-making tradition—is notoriously difficult to recycle, contributing to an estimated 640,000 tonnes of discarded fishing gear and marine rope entering oceans annually. All collected rope was treated and cleaned at Shrigley’s Brighton studio before installation.wallpaper
The Turner Prize-nominated artist, known for his deadpan humor and self-deprecating work, previously created “Really Good,” a seven-meter bronze thumbs-up sculpture for London’s Fourth Plinth in 2016. “The work exists because I’m interested in the value people place on art, and the idiom gave me an excuse to explore that,” Shrigley stated.stephenfriedman
The exhibition runs through December 20, 2025, with free public admission.plataformamedia