A massive deficit in the budget of the Department for Culture, Media and Sport has been shortlisted for this year’s prestigious Turner Prize. ‘The Hole’, presumed to be the work of those organising the 2012 Olympic Games, is a performance art installation at the Tate Modern that first appeared some time ago and has grown enormously in recent months. It is believed that its creators have secretly returned to the site on a number of occasions to continue their excavations, with many observers suggesting that it could yet get bigger.
‘It’s so exciting to see a work of art evolve before your eyes,’ said art critic Andrew Graham-Dixon today. ‘’The Hole’ is very much of the Zeitgeist. It’s a sophisticated postmodern view of the poverty of human existence within an emasculated culture, and it sends a potent message to creative artists and all who love culture that, ultimately, you are on your own. At least financially.’
‘It might seem like an empty space,’ enthused Tate Director, Sir Nicholas Serota, ‘but the void is a negative representation of something really quite profound. Much modern art is criticised for its superficiality, but let me tell you, you won’t hear anyone saying that about this piece. Boy, is it deep.’
The exhibit has not been without its detractors, however. Art critic Brian Sewell has described the work as ‘tacky and derivative,’ claiming that he’d ‘seen a similar thing at the Treasury, and that was much bigger.’
The funding deficit is currently on display at the Tate Modern before beginning a nationwide tour in the Autumn when it will it appear outside the entrances to regional theatres and art galleries. Although promoters confidently predict that ‘The Hole’ will attract big crowds, commentators have suggested that its presence may lead to a reduction in customers actually making it through the doors.