HARMEN DE HOOP - VIDEO

Permanent Education (a mural about the beauty of knowledge): A cooperation between Harmen de Hoop (artist) and Jan Ubøe (Mathematics and Statistics Professor, Norwegian School Of Economics).

Jan Ubøe (Mathematics and Statistics Professor, Norwegian School Of Economics) gives a 30-minute lecture on the streets of Stavanger on the subject of option pricing.

Intended as a form of ‘knowledge propaganda’, the performance contrasts with the aesthetic values of mural art which is prevalent at street art festivals around the world. Here, the Professor’s equations – written in chalk on a public wall acting as a surrogate blackboard – allude to the dearth of interest in 'knowledge' or 'complexity' in the public domain.

Drawing on Black and Scholes explanation of how to price options, Ubøe will explain how banks can eliminate risk when they issue options. Black and Scholes explained how banks (by trading continuously in the market) can meet their obligations no matter what happens. The option price is the minimum amount of money that a bank needs to carry out such a strategy.

While the core argument is perfectly sound, it has an interesting flaw. If the market suddenly makes a jump, i.e. reacts so fast that the bank does not have sufficient time to reposition their assets, the bank will be exposed to risk. This flaw goes a long way to explain the devastating financial crisis.

This theory, and similar other theories, led banks to believe that risk no longer existed, so why not lend money to whoever is in need of money? In the end the losses peaked at 13,000 billion dollars - more than the total profits from banking since the dawn of time.

While the core part of the theory is incomprehensible to non-experts, the lecture will state the mathematical equations behind the theory and detail the construction of the trading strategy.

ABOUT THE ARTIST

Harmen de Hoop is a conceptual artist whose work mostly takes place in the public space. He seeks out site-specific locations (from libraries to busy public squares) for his anonymous and illegal interventions and performances, which he then documents and presents in exhibitions after the event.

Through his work, Harmen de Hoop demonstrates the implicit tension between the ways in which the government would like the public space to be used and the ways in which citizens often unexpectedly use it. With his interventions he breaches authoritarian systems of control to bring forward another, often more humane, perspective. Ostensibly, de Hoop encourages us to look at ourselves and our environment with fresh eyes, and
a renewed sense of humour.

INDOOR INSTALLATIONS

Shots from Nuart Festival 2015's indoor installation at Tou Scene, featuring the work of 16 international artists.

NUART 2015 FILM : SHOWTIME !

It was a bumper year for Nuart, hope this film gives those unable to attend an idea of what goes on !

INSTAGRAM

instagram.com/nuartfestival , feel free to download and share. Photos by @wallkandy aka Ian Cox

INDOOR INSTALLATIONS

Shots from Nuart Festival 2015's indoor installation at Tou Scene, featuring the work of 16 international artists.

NUART PLUS

Nuart Plus Symposium shot by Kristina Borhes

FIGHT CLUB

Evan Pricco (Juxtapoz), Harmen De Hoop, Carlo McCormick & Borusk Leer go head to head.
Photo's by John Roger

PEOPLE

Behind the scenes with Kristina Borhes and Nazar Tymoshchuk

SET UP

Photos by Calum Lasham

ELLA & PITR (FR)

Works indoor and out including the world's largest mural.

DOTDOTDOT TEASER

Dotdotdot in action for Nuart 2015

Photo: Eirik Halvorsen

ELLA & PITR TEASER

The world's largest outdoor mural...in progress.

Photo: Eirik Halvorsen

ELLA & PITR TEASER 2

The world's largest outdoor mural...in progress.

FUTURA - VIDEO

Check the technique ! style writing par excellence ! Documented by BSA.

HARMEN DE HOOP - VIDEO

Live video documentation of Harmen De Hoop's fascinating work for Nuart Festival 2015

ICY AND SOT TEASER

Teaser trailer for one of the many pieces created by Icy & Sot this year.

MARTIN WHATSON TEASER

Teaser for Martin Whatson's latest street piece for Nuart Festival 2015.

NUART 2015 PROMO

Nuart Festival 2015 promo video

NUART FESTIVAL 2015

Celebrating its fifteenth anniversary, Nuart Festival - the world’s leading celebration of street art - will take place on the first weekend of September, 2015.

STENCIL WORKSHOP WITH NAFIR

Iranian artist Nafir and the TRAFO.no youth organisation hosted this year's stencil workshop at Metropolis, Stavanger with local people aged 16-22. Loving the out...

THE AFTENBLAD WALL

A newly launched public art initiative for Stavanger, created in partnership with Aftenblad newspaper.

STREET WORKS MAP 2015

The 2015 Nuart Festival street works map is available for download as a pdf.

EXHIBITION & STREET ART TOURS - BUY TICKETS HERE

Ticket info for Nuart's 'Space is the Place' exhibition and Street Art tours

STREET ART TOURS

Private & company street art tours tailored to support your specific needs and interests.

WORK WITH US

Contact Nuart to discuss a creative partnership with the world's leading street art festival !

NUART GALLERY

Nuart Gallery aims to nurture emerging regional and national talent whilst at the same time hosting and producing exhibitions and projects from some of the world’s leading street and contemporary artists.

THE UTOPIA BOX-SET

The Utopia Box-set. feat 14 of the worlds leading names in Street and Urban art. Available now !

NUART PATRONS CIRCLE

Join Nuart's Patrons Circle and help to create something extraordinary !

ELOQUENT VANDALS DOCUMENTARY

Shot on location at Nuart Festival features work and candid interviews from some of the worlds leading players in the scene.
Running time : 25.17. Directed by Martin Hawkes

ELOQUENT VANDALS BOOK

Eloquent Vandals The History of Nuart, is out now. Spanning over 5 years, 304 pages of exclusive images with essays from Tristan Manco and more...

VOLUNTEER WITH US!

Join our Nuart 2018 crew, sign up now and get to say "been there, done that, got the T-shirt!"

THE NUART APP

The Nuart iPhone App, powered by Geo Street Art, allows you to locate Nuart's street work on your iPhone, over 50 artists from the past 7 years have created one of Europe's most dynamic public art galleries. The Nuart App allows you to explore and share works from some of the worlds leading street artists.

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