C# quiz 8/?

Now it's time for some one regarding serialization:

Given this serializable class:

    [Serializable]
    public class Victim {
        public static int InstanceCount;
        public int Data { get; set; }

        public Victim() {
            InstanceCount++;
            Data = 2;
        }
    }

and the following test code:

    class Program {
        static void Main(string[] args) {
            Victim v = new Victim();
            v.Data = 3;
            BinaryFormatter serial = new BinaryFormatter();
            MemoryStream ms = new MemoryStream();
            serial.Serialize(ms, v);            
            ms.Seek(0, SeekOrigin.Begin);
            v = (Victim)serial.Deserialize(ms);
            Console.WriteLine("Data {0}", v.Data);
            Console.WriteLine("Instances {0}", Victim.InstanceCount);
        }
    }

What is the output, and why?