A meticulously constructed photographic work by Thomas Demand, *Bullion* presents the artist's signature approach of building precise paper and cardboard models of real-world environments before photographing them, stripping away narrative and human presence to reveal an uncanny stillness. The image explores themes of value, artifice, and the nature of representation, inviting viewers to question the boundary between reality and its carefully crafted simulation. This limited edition print, numbered 83/100 and published by EN/OF Editions in Kleve, Germany, reflects Demand's engagement with the photographic multiple as a vehicle for wider dissemination of his conceptually rigorous practice.