Deutsche Bank Closes Joint Art Exhibition Space With Guggenheim in Berlin
06 February '12 by the editors | Source: www.bloomberg.com
Deutsche Bank AG (DBK) and the Solomon R. Guggenheim Foundation today announced plans to close the Deutsche Guggenheim contemporary-art exhibition space on Berlin’s Unter den Linden.
Neither Deutsche Bank nor the Guggenheim Foundation gave a reason for the decision in statements sent by e-mail, beyond saying that their contract expires at the end of 2012. In the past 14 years, the Deutsche Guggenheim has hosted 57 exhibitions and attracted 1.8 million visitors.
Deutsche Bank plans to use the space on Berlin’s central boulevard as a forum “for intensified dialogue between the business and political worlds,” Josef Ackermann, the bank’s chief executive officer, said in its statement.
The bank and the foundation together commissioned artworks from 17 artists that were exhibited in Berlin, New York and Bilbao. Among them were Jeff Koons, William Kentridge, Jeff Wall, Bill Viola, Rachel Whiteread and Anish Kapoor.
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