TRANSACTION ART

©Leni Smoragdova

Hidden Faces

Art possesses its own magic. When I begin working on a painting, I never know where it will lead me. Sometimes the canvas seems to resist — it won’t let me move forward. Then I set it aside, sometimes for years, until I gain the experience or inner skill that was missing before. Occasionally, a painting disappears — it leaves my life, only to return years later, ready to be completed. Every work has its own destiny and chooses the moment when it allows itself to be finished.

Everything about Transaction Art unfolded in a mystical way.


During my studies in London, I met a well-known gallerist. Every time we met, he would tell me that I was nobody — that thousands like me came to London every day, only to become no one. “You are nobody until you have influence, connections with the aristocracy, and a large bank account. You’re just one of the crowd,” he said.


His words struck me deeply.


Later, in Amsterdam, during an Art Fair, my works were placed in the farthest corner — although initially, I had been assigned a different stand. That was the first time I formulated Transaction Art as a concept and a slogan: We are the children of the transaction, we are the hidden faces.”


$M — carved into the slab more than two centuries ago.


For twelve years, I couldn’t find the code of Transaction Art.

During that time, I created a vast body of work — from graphics to performance art — all under the umbrella of Transaction Art. But it felt as though the project itself wouldn’t let me move forward; it held me back, even paralyzed me for a time. And then, suddenly, in the spring of 2024, everything began to align.

The “Code of Transaction Art” revealed itself — and by October 2025, everything was ready for its emergence into the art industry.


https://tau-archive.com/

https://smoragdova.com/




Here follows a brief interview with Leni to help art lovers appreciate the motivation behind her work.

Q: Where did you study, and which moments shaped you as an artist?

A: I studied in London, and that period became a turning point. I confronted the reality of the art world — a structure where value is measured by status, influence, and money. A well-known gallerist once told me: “You are nobody until you have a bank account and connections to the aristocracy.” His words hurt, but they also defined my path. From that moment, I began to think of art not only as expression but as a system — and that is how Transaction Art was born.


Q: You once worked in Madonna’s creative collective. How did that experience affect your vision?

A: It revealed the mechanics of energy in art — how image, brand, and emotion turn into a collective experience. Art became a transaction between visibility, capital, and meaning. That understanding is at the core of my work today.



On Art and Style


Q: How would you describe your artistic philosophy in one sentence?

A: Transaction Art explores how energy, money, attention, and emotion transform into one another.


Q: What does the term Transaction Art mean to you?

A: It’s not a style — it’s a way of seeing. The world functions through endless exchanges: emotional, social, economic. Transaction Art maps these invisible movements and turns them into aesthetic form.


Q: Which work or series became a turning point?

A: Back to the Future. I started it fifteen years ago and couldn’t finish it. The painting resisted me. Only years later did I realize — it wasn’t the work that wasn’t ready; it was me. When I returned to it, the “code” finally opened.


Q: Is your process planned or spontaneous?

A: Both. I begin with a structure, but often the work takes over. The artist becomes a medium, not a master.


Q: Why is the idea of exchange and code central to your practice?

A: Because everything today is an exchange — even love, attention, or silence. Every act carries a cost, visible or hidden. I’m interested in what we pay with — time, memory, emotion.


Q: Your colors and symbols often feel coded. Is that deliberate?

A: Yes and no. Color is a state of consciousness. Sometimes the palette appears before I understand the idea.


Q: Which materials do you use and why?

A: I work across mediums — painting, graphics, digital layers, performance. Transaction Art exists in a multidimensional field where form, text, and action overlap.


Q: How do you know when a piece is complete?

A: When it stops calling me. A finished work no longer needs me; it breathes on its own.


Q: Do you experience creative pauses?

A: Of course. Some works close themselves off. I don’t force them. It’s not a crisis — it’s a signal that I must evolve first.


Q: Which work transformed you most?

A: The system itself — Transaction Art. It lived inside me for twelve years before revealing its code. When it finally did, everything aligned.



On Inspiration and Influences


Q: Who influenced your thinking and art?

A: Marcel Duchamp, Joseph Beuys, and the philosophers of structuralism and postcapitalism. I’m drawn not to images, but to systems — to how meaning circulates.


Q: What inspires you most — if not other artists?

A: Friction. The tension between chaos and structure, beauty and control. Inspiration is born from contradiction.


Q: In your works, the motif of “facelessness” appears. What does it mean?

A: It’s about the loss of individuality in the economy of exposure. When everything becomes a brand, the face becomes currency.


Q: How did cities like London, Amsterdam, and Tbilisi influence you?

A: London taught me about power structures, Amsterdam — about illusion of freedom, Tbilisi — about premonition and emotional charge. Each carries its own energy field.


Q: Do you believe in the Muse, or is art pure discipline?

A: I believe in systems that become mystical through discipline. When you work every day, the Muse has no choice but to appear.



 “Transaction Art is not about money — it’s about the unseen exchanges that shape our world.

Art, like life itself, is a transaction between the visible and the invisible.”

A designation: Transaction - simple bank or business operation.

The main points.

We are children of war. War is money, money has no face.

It's as simple as the Transaction, we are the children of the Transaction,

we are the children with hidden faces. - {$M}


Why should I pursue for a million when I can rule the transaction art Universe?

Reading the code of the matrix, with whom or what you can make a deal,

conduct a Transaction in order to gain a foothold in modern society.

The heroes of the transaction world - living and dead, people and animals, - are deprived of Transaction codes, like mirrors, they absorb and reflect everything that happens in the "black mirror".


They are extras and observers, they are the children of the Transaction,

they are hidden faces.

Transaction art has an official language.


The alphabet consists of all world currencies symbols, pronounced as Hebrew.

Before the title of each work, you can see codes consisting of numbers, signs, and letters. This is a reference to accounting. When the product arrives at the warehouse, it receives an individual code.

When a product changes warehouse, the digital code also changes. The same happens with the 

codes in front of each title of the artwork.


The main heroes of the Transaction Art world are people with hidden faces and strange animals.

Transaction types: Information Wars, Wars, Sanctions, Domestic violence, Epidemics, Memories, Statistics, Plastic surgery etc.


Transaction Art


“Hidden faces are more powerful than well known persons”


Transaction Art | Hidden faces | {$M}

The main heroes of the Transaction Art world are people with hidden faces and strange animals.

Transaction’s Eggs: a whole egg becomes the head of a persons with hidden faces: balancing between the living world with the world of the dead, having the form of a hologram, but a split egg gives birth to a beast.

Transaction Art | Hidden faces | {$M}

Israel

What’s App: +7963.44.303.17

Email: ng.pittora@gmail.com

IG: @smoragodva @transaction_

Website: https://www.saatchiart.com/smoragdova

Education

2022 - Bang Bang Education, Illustrators / Artist

2012 - Central Saint Martins, short courses.

2007 - Ural Federal University, The Sociology Teacher

Artsper, curators' choice on Singulart, Bidgala, SaatchiArt

Solo Exhibitions

From 2013 till 2017 - Non stop performance during 4 years. "Inglourious Basterds: The warm

bus stops". Yekaterinburg, Russia. More than 10.000 people took part in it.

IN DECEMBER 2013, IN THE CITY OF YEKATERINBURG, AT A BUS STOP OF PUBLIC

TRANSPORT, A GIRL, WHO HAD NOT WAITED FOR HER BUS, FREEZES. SHE IS BEING TAKEN

TO THE HOSPITAL.

2013 - Dolmens Yekaterinburg is given under “dolmens".

2014 - "HOW I DECIDED TO UNDRESS EVERYONE". The image of a naked person with a closed

face goes from a project to a project, from canvases to Performance.

2015 - HERO OF OUR TIME “The bus stops” has a sacred meaning, akin to the “statue of liberty”.

2016 - CASTRATION. Three men stand at a bus stop in the center of the city in white clothes,

with an imitation of blood in the groin and inside of the thigh. Blood-stained posters are in our

hands: “without your support, we are neutered # The warm bus stops”

2017 - CIRCUS. "Politics is a circus and I want to participate in it." This is the title of the political

portals and the beginning of the election campaign for the post of governor of the Sverdlovsk

region. For the first time in history, the hero “the warm bus stops" has his representatives in

political circles.

Leni Smoragdova - The candidate for the governor of Sverdlovsk region, Russia

Inglorious bastards "play out" and "Inglorious bastards" disappear, as suddenly as they

appeared. Creating a complete illusion of deception.

Group Exhibitions

2022 - "Auto Focus", LoosenArt Gallery, Millepiani, Rome

2019, Nov - Women in Photo

2019, 3-6 Oct - The Other Art Fair, London

2017 - HUMAN RIGHTS? #H2O, Italy

2017 - Art-exhibition, Trinitapoli, Italy

2016- Women in Photo, London





2016, July - Museo Degli Ipogei, Trinitapoli, Italy

2016, May - Museums at Night, Russia

2016, Feb - Fashion week

2015 - HUMAN RIGHTS?, Italy

2015, Sep - Biennale, NCCA Russia

2015, July 15-25 - Venice Experimental Cinema and Performance Art Festival / Venice, Italy /

Palazzo Ca’ Zanardi,

2014 - The Armory Show, NY

2013 - On-line Top 30 Saatchi’s Artists, London

2012 - GAA, Amsterdam

2010-2012 - Worked with Madonna as an artist for her show.

Film

2014 - “Sabotta”

2014 - “The opening - the history of the interior"

2013 - “A short summary of the history of the interior”

2013 - “Amphitheatre - the history of the interior”

2013 - Cartoon "ASS"

Labyrinth of Transaction

Performance | Fashion | Show

2023 - Performance “Fixing: Abuse”, Moscow

2023 - Performance “Poorhouse”, Batumi

2021 - Pennlab Gallery, Moscow

2019 - “Kotakomba”, Moscow

2017 - “Snow” club, Yekaterinburg

2016 - Museum’s night, Yekaterinburg

2016 - Fashion week. Yekaterinburg

2016 - “Salut”, Yekaterinburg

2015 - Museum’s night, Yekaterinburg

2015 - Biennial, Yekaterinburg

Street Art

2023 - Transaction’ Dolls, Israel

2014-2016 - "The alphabet of Transaction Art".

2015 - “Soldiers of Transaction Art in Paris”

2013 - “Silueta animals in London".

Published

2022, Icon mag | issues #63/64

2022, Aprile - "Figures collection" and "A man. A hidden man" had been published in "Aphro"

magazine and "Picton" magazine.

2021, Jan - Transaction Art had been published in 2 magazines, "S.Art in Art" and "Interfashional

Magazine"

2020, July, August - "Figures collections" had been published in 2 magazines, "TSYM" and "Glam Essense"