Grimes' "Selling Out"
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About
Grimes' "Selling Out" refers to the Canadian musician's 2020 art piece whereby a purchaser can buy a piece of Grimes' soul. Grimes' full exhibitions were held virtually from May 2020 to August 2020 at the Gallery Platform Los Angeles and Maccarone Los Angeles. The price of the piece was set at "best offer" and news of the sale spread on Twitter and Reddit causing people to post memes mocking the piece.
History
On May 28th, 2020, Bloomberg[1] released an article announcing Grimes' upcoming exhibitions in LA titled "Selling Out." The article described one work as "a legal document whereby the purchaser acquires a percentage of Grimes’s soul." They cited Grimes as saying, “I didn’t want anyone to buy it, so I said we should just make it $10 million and then it probably won’t sell.” She and her lawyer settled on "best offer" for the price of the piece. Maccarone[2] gallery in LA explains the work by saying, "Selling Out​ is executed as a contract in which Grimes sells a fraction of her soul, formalizing the idea that every time an artist sells a piece of their art, part of the soul is sold with it. The purchaser will enter into a contractual agreement that outlines the terms of ownership and ultimately the connection to the joy of artistic expression."
Reception
On May 29th, 2020, Redditor AliceBliss82 posted a discussion thread to r/Grimes[5] regarding the artwork. That same day, @stereogum[3] tweeted, "the legal contract for Grimes' selling of her soul" (shown below, left). The next day, Twitter user @RobCounts[4] reposted a Fox News article about the exhibit and added the caption, "Yo, Elon! How we gonna trust your tweets when your girl is doing this crap?!" (shown below, right). The tweet gained over 1,800 likes and 700 retweets in three days.
![Stereogum @stereogum Here's the legal contract for Grimes' selling of her soul bit.ly/2XE393Y CONFIDENTIAL [REED SMITH DRAFT-527.20] Grimes Sale of Soul- Summary of Terms percent (%) of the This Term Sheet summarizes the principal terms of the proposed sale of up to Soul (as defined below) of Claire Boucher p/kla Grimes ("Grimes"). This Term Sheet is for discussion purposes only: there is no obligation on the part of any negotiating party until definitive agreements are signed by all parties. This Term Sheet does not constitute either an offer to sell or an offer to purchase any interest in Grimes' Soul. Issuer: Claire Boucher p/a Grimes ("Grimes") Amount of Financing: Up to S shares of Grimes' Soul ("Soul Shares") which collectively shall Up to represent up to a percent %) interest in her Soul, at a price of S per Soul Share ("Share Price"), plus the requirement that each holder of Soul Shares comply with the "Goodness Covenant" described below as a condition of continued ownership. Ofering: Soul: The "Soul" of Grimes: () consists of the spiritual, immaterial and immortal essence of Grimes, which exists independently of and distinctly from her physical being, but is the essence of life itself; (i) is mutable in time but immutable in space, containing eternal truth and wisdom; (ii) is imbued with the knowledge of the good and with honor, and (iv) contains perceptive, rational and contemplative powers that enable it be close to the source of all things in the Universe. Pre-Money Valuation: Priceless Dividends: The holders of the Soul Shares shall be entitled to share in the joy and happiness created by Grimes' Soul, as and when such joy and happiness is created from time to time. Such joy and happiness may include flashes of brilliant white light and an ethereal feeling. Liquidation/Dissolution: In the event of any liquidation or dissolution of Grimes, holders of Soul Shares shall be entitled to remain connected to the Soul wherever it comes to reside. A liquidation or dissolution of Grimes shall be deemed to include her physical being no longer being among us. Non-Voting: Holders of Soul Shares will have no voting rights with regard to any decisions made by or on behalf of Grimes' Soul. Preemptive Rights: Except with regard to a Drag-Along Sale (as defined below), purchasers of Soul Shares shall have the right, in the event Grimes proposes to offer additional Soul Shares in amount that exceeds the number of Soul Shares that are the subject of this Offering, to purchase additional Soul Shares that will 6:18 PM - May 29, 2020 · Twitter Web App](https://i.kym-cdn.com/photos/images/newsfeed/001/857/248/518.png "contract")
Related Memes
Search Interest
External References
[1] Bloomberg – Grimes Art Project Pop Star Sells a Piece of Her Soul
[2] Maccarone – Selling Out
Related Entries 6 total
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![Stereogum @stereogum Here's the legal contract for Grimes' selling of her soul bit.ly/2XE393Y CONFIDENTIAL [REED SMITH DRAFT-527.20] Grimes Sale of Soul- Summary of Terms percent (%) of the This Term Sheet summarizes the principal terms of the proposed sale of up to Soul (as defined below) of Claire Boucher p/kla Grimes ("Grimes"). This Term Sheet is for discussion purposes only: there is no obligation on the part of any negotiating party until definitive agreements are signed by all parties. This Term Sheet does not constitute either an offer to sell or an offer to purchase any interest in Grimes' Soul. Issuer: Claire Boucher p/a Grimes ("Grimes") Amount of Financing: Up to S shares of Grimes' Soul ("Soul Shares") which collectively shall Up to represent up to a percent %) interest in her Soul, at a price of S per Soul Share ("Share Price"), plus the requirement that each holder of Soul Shares comply with the "Goodness Covenant" described below as a condition of continued ownership. Ofering: Soul: The "Soul" of Grimes: () consists of the spiritual, immaterial and immortal essence of Grimes, which exists independently of and distinctly from her physical being, but is the essence of life itself; (i) is mutable in time but immutable in space, containing eternal truth and wisdom; (ii) is imbued with the knowledge of the good and with honor, and (iv) contains perceptive, rational and contemplative powers that enable it be close to the source of all things in the Universe. Pre-Money Valuation: Priceless Dividends: The holders of the Soul Shares shall be entitled to share in the joy and happiness created by Grimes' Soul, as and when such joy and happiness is created from time to time. Such joy and happiness may include flashes of brilliant white light and an ethereal feeling. Liquidation/Dissolution: In the event of any liquidation or dissolution of Grimes, holders of Soul Shares shall be entitled to remain connected to the Soul wherever it comes to reside. A liquidation or dissolution of Grimes shall be deemed to include her physical being no longer being among us. Non-Voting: Holders of Soul Shares will have no voting rights with regard to any decisions made by or on behalf of Grimes' Soul. Preemptive Rights: Except with regard to a Drag-Along Sale (as defined below), purchasers of Soul Shares shall have the right, in the event Grimes proposes to offer additional Soul Shares in amount that exceeds the number of Soul Shares that are the subject of this Offering, to purchase additional Soul Shares that will 6:18 PM - May 29, 2020 · Twitter Web App](https://i.kym-cdn.com/photos/images/list/001/857/248/518.png "contract")
Top Comments
The Greek Anon
Jun 02, 2020 at 01:56PM EDT
Orange Circle
Jun 02, 2020 at 07:06PM EDT