Danish art collective Superflex examines the recent financial crisis with a hanging installation featuring bank logos.
The Elbe flood in 2002 produced some indelible images:
A sculpture of an inflatable dolphin by Jeff Koons sold for $5 million. A 1971 Sigmar Polke painting depicting purple monkeys, an alligator and a penis was snapped up for $4.5 million. An abstract painting by Joan Mitchell fetched $1.5 million.
Max Hollein, the director of Frankfurt’s Staedel Museum, is defying Europe’s debt crisis by expanding the museum underground to double its space and create room for some hefty loans from banks.
Is it a flying saucer? Or a dinosaur emerging from the bowels of the earth? The new underground extension to Frankfurt’s Staedel Museum invites odd comparisons.
The contemporary-art market surged by 35 percent in 2011’s auctions as an influx of wealthy buyers sought refuge from financial turmoil.
The market for contemporary art is more resilient than it was three years ago, according to Dallas- based collector Howard Rachofsky.