Institutional record of market activity & avian presence

THE
ARCHIVE

Pigeons have watched humans invent markets, inflate bubbles, panic, crash, recover, speculate, leverage, liquidate, and repeat.

EST.1929

18 verified observations
1929—2024
Filed without comment

I

BULLS RUN. BEARS ATTACK.
PIGEONS REMAIN.

CollectionMarket disturbances
Records001—018
StatusOngoing
Archival interpretation of Black Tuesday, with pigeons observing the financial eventPLATE 0001
ARCHIVE 000101 / 18

Black Tuesday

Wall StreetNew York City

FIELD NOTE“Witnesses remained after the closing bell.”
Archival interpretation of Black Monday, with pigeons observing the financial eventPLATE 0002
ARCHIVE 000202 / 18

Black Monday

Wall StreetNew York City

FIELD NOTE“Prices fell faster than the birds could leave.”
Archival interpretation of The Dot-Com Peak, with pigeons observing the financial eventPLATE 0003
ARCHIVE 000303 / 18

The Dot-Com Peak

NASDAQNew York City

FIELD NOTE“Every company appeared to require a website.”
Archival interpretation of The Lehman Collapse, with pigeons observing the financial eventPLATE 0004
ARCHIVE 000404 / 18

The Lehman Collapse

Lehman Brothers HeadquartersNew York City

FIELD NOTE“Several boxes exited the building. The birds remained.”
Archival interpretation of The Global Financial Crisis, with pigeons observing the financial eventPLATE 0005
ARCHIVE 000505 / 18

The Global Financial Crisis

Wall StreetNew York City

FIELD NOTE“Liquidity unavailable. Breadcrumbs remained abundant.”
Archival interpretation of The Flash Crash, with pigeons observing the financial eventPLATE 0006
ARCHIVE 000606 / 18

The Flash Crash

New York City

FIELD NOTE“Observation period: approximately thirty-six minutes.”
Archival interpretation of The Occupy Wall Street Protests, with pigeons observing the financial eventPLATE 0007
ARCHIVE 000707 / 18

The Occupy Wall Street Protests

Zuccotti ParkNew York City

FIELD NOTE“Extended human congregation increased food supply.”
Archival interpretation of The GameStop Short Squeeze, with pigeons observing the financial eventPLATE 0008
ARCHIVE 000808 / 18

The GameStop Short Squeeze

Wall Street

FIELD NOTE“Retail activity exceeded expectations.”
Archival interpretation of The Meme Stock Era, with pigeons observing the financial eventPLATE 0009
ARCHIVE 000909 / 18

The Meme Stock Era

New York City

FIELD NOTE“Traditional valuation methods temporarily abandoned.”
Archival interpretation of Bitcoin — $1, with pigeons observing the financial eventPLATE 0010
ARCHIVE 001010 / 18

Bitcoin — $1

Digital Markets

FIELD NOTE“Market capitalization remained manageable.”
Archival interpretation of Bitcoin — $20,000, with pigeons observing the financial eventPLATE 0011
ARCHIVE 001111 / 18

Bitcoin — $20,000

Digital Markets

FIELD NOTE“Public interest increased considerably.”
Archival interpretation of The COVID Market Crash, with pigeons observing the financial eventPLATE 0012
ARCHIVE 001212 / 18

The COVID Market Crash

Wall Street

FIELD NOTE“Human activity decreased. Market activity did not.”
Archival interpretation of Oil Below Zero, with pigeons observing the financial eventPLATE 0013
ARCHIVE 001313 / 18

Oil Below Zero

Commodity Markets

FIELD NOTE“Asset price recorded below breadcrumb value.”
Archival interpretation of Dogecoin Mania, with pigeons observing the financial eventPLATE 0014
ARCHIVE 001414 / 18

Dogecoin Mania

Digital Markets

FIELD NOTE“Canine assets received unusual attention.”
Archival interpretation of Coinbase IPO, with pigeons observing the financial eventPLATE 0015
ARCHIVE 001515 / 18

Coinbase IPO

NASDAQNew York City

FIELD NOTE“Crypto entered the building. Pigeons were already outside.”
Archival interpretation of The FTX Collapse, with pigeons observing the financial eventPLATE 0016
ARCHIVE 001616 / 18

The FTX Collapse

Digital Markets

FIELD NOTE“Customer withdrawals increased suddenly.”
Archival interpretation of Silicon Valley Bank, with pigeons observing the financial eventPLATE 0017
ARCHIVE 001717 / 18

Silicon Valley Bank

California

FIELD NOTE“Depositors moved faster than expected.”
Archival interpretation of Bitcoin ETF Trading Begins, with pigeons observing the financial eventPLATE 0018
ARCHIVE 001818 / 18

Bitcoin ETF Trading Begins

Wall Street

FIELD NOTE“The asset entered traditional migration routes.”