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The biennial as format and phenomenon was declared dead or obsolete time and again, it was discarded as commercial, promotional, touristic, capitalistic, wasteful, white supremacist and what not. In the end, that is not the issue. The issue is the tension between expectations and pretension, between agency and result. Volume 54 has a look at what biennials promise and what we actually get; who is pulling the strings? And for whom are the biennial made? But first and foremost VOLUME checks what a biennial can do.