A Bildanagramm is information.
It is the information about the arrangement of its parts; it is essentially insubstantial.

Heiko Höfer, One Possible Arrangement, acrylic on 16 wooden panels with magnetic backs, carrier plate allowing 20,922,789,888,000 × 65,536 possible arrangements, 2016.

Heiko Höfer, Graffiti, felt-tip pens on 144 wooden panels with magnetic backs, carrier plate allowing approximately 5.55 × 10^282 × 429,981,696 possible arrangements, 2003–2017.

Heiko Höfer, In Between, ink on 529 wooden panels with magnetic backs, carrier plate allowing approximately 5.34 × 10^671 × 78,310,985,281 possible arrangements, 2009.