Money Talks: Art, Society and Power – a 'fascinating' show

Ashmolean exhibition cashes in on the lure of money with a dress stitched with banknotes and Banksy's iconic 'Di-Faced Tenner'

Bust of Edward VIII for gold pattern for £5, £2 and sovereign, 1937 Royal Mint Museum
An 'enthralling' sequence explores how art is transformed into coins and banknotes
(Image credit: Ashmolean Museum / Royal Mint Museum)

The "serpentine flash of a dollar sign" in Andy Warhol's striking canvas is the perfect opening to an exhibition that explores money through art. 

"Money Talks: Art, Society and Power" at the Ashmolean Museum in Oxford delves deep into this complex relationship; "money, after all, is in itself both an image and an object", said Laura Cumming in The Observer.

One of the most "enthralling" parts of the show is the section that explores how art is transformed into coins and banknotes. A series of portraits of Edward VIII are on display and they demonstrate the complexity of this process; some were discarded for showing the King as too young or not wearing the right clothing. Edward himself favoured the "modern" designs of John Francis Kavanagh that were "tersely rejected" by the Royal Mint: "Mr. Kavanagh's 'Cubist' designs cannot be taken seriously." In the end it didn't really matter as the King abdicated in 1936 and the coins were shelved.

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Elsewhere, it's interesting to see how Elizabeth II is portrayed differently on banknotes from several Commonwealth countries: she appears "fatter, thinner, older, eyes more sunken or lowered" depending on the country.

Other highlights include Rembrandt's etching "The Goldweigher", with his "fatly bagged coins"; Banksy's "Di-Faced Tenner", in which he replaced the head of Elizabeth II with Princess Diana; and Susan Stockwell's "dramatic" Victorian-style "Money Dress" stitched from banknotes.

The section on attitudes to money reveals a "fascinating" contrast, said Emma Duncan in The Times. While in Eastern art "money is delightful stuff", with countless gods and goddesses shown alongside symbols of wealth, Western artists take their lead from the Bible and portray it as sinful and corrupt.

But the exhibition avoids examining some of the "big questions" that the relationship between money and art inevitably raises. Somewhat "oddly", the Ashmolean – which renamed its Sackler Galleries in 2023 once the "lethal" consequences of the family's opioid-funded fortune became clear – fails to explore the way wealthy people use their money to strengthen their reputations. And the final section on non-fungible tokens "left me completely baffled".

Still, it's an absorbing show and the museum is filled with beautifully displayed treasures. "I'll take any excuse to go," said Duncan.

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Irenie Forshaw is a features writer at The Week, covering arts, culture and travel. She began her career in journalism at Leeds University, where she wrote for the student newspaper, The Gryphon, before working at The Guardian and The New Statesman Group. Irenie then became a senior writer at Elite Traveler, where she oversaw The Experts column.