British Museum blog

The present and future of money


Catherine Eagleton, curator, British Museum

When people think of the British Museum, images of antiquities are often part of what springs to mind. In fact, we collect and display modern and contemporary material, and the exhibition by Grayson Perry that has just opened is a great example of the ways that a contemporary artist can engage with our historic collections.

You might have read in the news a couple of weeks ago about the Google Wallet trial in New York, or about new mobile payment systems that are being developed in countries around the world. In the UK, debates about whether to phase out payments by cheque are still ongoing, but it seems clear that we’re in a period when what money is and how we use it is going to change substantially.

Reports of the death of cash have, though, probably been greatly exaggerated. The new technologies have some way to go before they can compete with the anonymous convenience of coins and notes for many people and for many transactions.

Earlier this year, I was at the Digital Money Forum, and a group of artists were asked to imagine what the future of money might look like. The winner has since developed a video that creates a fictional scenario looking at ideas of money and anonymity (warning: contains language which some may find offensive), and what could happen if all payments were digital and all could be traced.

A mobile phone

Mobile phones are increasingly used to make payments and transfers

For some people, the biggest concern isn’t anonymity, but more basic concerns about security, and I’ve had some really interesting conversations with a group of researchers who are studying money in Haiti. There, because of the risks involved in carrying cash around, the use of mobile phones to make payments is increasing, fast. People are also using digital transfers to keep their money safe while they are moving around.

As we develop the Money gallery, the challenge is not just how to display this – how to collect and put into an exhibition things that are electronic – but also how to make sure that the modern sections of the gallery can change during the lifetime of the displays.

Whatever happens, I think it’s clear that the next five years will see big changes, and we will need to create content for a permanent display that can reflect them. For more on this, have a listen to the Digital Money podcast I did a couple of months ago.

The Money Gallery project is supported by Citi and opens in June 2012.

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  1. Greta K. Greathouse says:

    This is fantastic news. Congratulations to the British Museum for their understanding of how mobile money is changing the lives of people for the better and wanting to document it.
    HIFIVE, a USAID project in Haiti, among its activities has managed and implemented the Haiti Mobile Money Initiative (HMMI), a partnership between USAID and the Bill and Melinda Gates Foundation. The incentives provided by HMMI and the technical support it has provided have been instrumental in the rapid deployment of mobile money in Haiti. The future for mobile money in Haiti is looking great.

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The Museum looks spectacular with a blue sky overhead – especially in this great shot by @whatrajwants. You can see the beautiful gold flashes shining in the sun. This triangular area above the columns is called a ‘pediment’, and was a common feature in ancient Greek architecture. The copying of classical designs was fashionable during the late 18th and early 19th centuries, and was known as the Greek Revival. The sculptures in the pediment were designed in 1847 by Sir Richard Westmacott and installed in 1851. The pediment originally had a bright blue background, with the statues painted white. #regram #repost #architecture #neoclassical #sculpture #gold #BritishMuseum Concluding our short series of gold objects from the Museum’s collection is this group of items found in the Fishpool hoard. The hoard was buried in Nottinghamshire sometime during the War of the Roses (1455–1485), and contains some outstanding pieces of jewellery. 1,237 objects were found in this hoard in total. At the time it was deposited, its value would have been around £400, which is around £300,000 in today’s money! The variety of this collection of objects includes brilliant examples of fine craftsmanship. The turquoise ring in the centre was highly valued as it was believed that turquoise would protect the wearer from poisoning, drowning or falling off a horse.
#hoard #gold #jewellery #turquoise #treasure Continuing our exploration of the golden objects in the Museum, this amazing inlaid plaque is from 15th-century China. Lined with semi-precious stones, this piece would have formed part of a pair sewn into a robe. We can tell this belonged to an emperor of the Ming dynasty because only he would have been allowed to use items decorated with five-clawed dragons.
#Ming #gold #jewellery #China #BritishMuseum Our next trio of objects shows off some of the shimmering gold in the Museum’s collection. This stunning piece of jewellery comes from Egypt and was made around 600 BC. It was worn across the chest – this type of accessory is known as a ‘pectoral’. Popular throughout ancient Egypt, pectorals have been found from as early as 2600 BC. This example is made from gold and is inlaid with glass, showcasing the incredible level of craftsmanship in Egypt at the time, and asserting the status of the wearer. Falcons were important symbols in ancient Egypt – the god Horus took the form of a falcon.
#AncientEgypt #gold #jewellery #BritishMuseum In 1991, BMW invited South African artist Esther Mahlangu to make a work of art in their Art Car project to mark the end of apartheid. Her work, with its brightly coloured geometric shapes, draws on the traditional house-painting designs of Ndebele people in South Africa. Under apartheid the Ndebele were forced to live in ethnically defined rural reserves – their designs are an expression of cultural identity, and can be read as a form of protest against racial segregation and marginalisation.

See this incredible Art Car as part of our #SouthAfricanArt exhibition, which opens 27 October 2016. You can book your tickets now by following the link in our bio.

Esther Mahlangu (b. 1935), detail of BMW Art Car 12, 1991. © Esther Mahlangu. Photo © BMW Group Archives.
#SouthAfrica #history #art #design Mapungubwe was the capital of the first kingdom in southern Africa from AD 1220 to 1290. This gold rhinoceros, alongside four other gold sculptures, was discovered in three royal graves there. They are among the most significant sculptures in Africa today. They depict animals of high status – an ox, a wild cat, and a rhinoceros – and also objects associated with power – a sceptre and a bowl or crown. These treasures were discovered alongside hundreds of gold objects, including bracelets and beads. Gold was mined in the regions around Mapungubwe for trade with the coast, as part of an international trade network stretching as far as China, becoming a status symbol for the kingdom’s rulers.

On loan from the University of Pretoria @upmuseums, these gold treasures will be a highlight of our #SouthAfricanArt exhibition, opening 27 October 2016. Find out more about the exhibition by following the link in our bio.
#SouthAfrica #rhino #art #history
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