October 1, 2008

Deutsche Bank opens its corporate art collection and loans 600 important artworks to the Städel Museum in Frankfurt

Dr. Josef Ackermann: “A sign of our sense of social responsibility and our connectedness with the city of Frankfurt and the Städel Museum” – Max Hollein: “One of the biggest expansions of the collection in the history of our museum”

Deutsche Bank is loaning 600 important works from its corporate collection to the Städel Museum in Frankfurt. The artworks, which were selected jointly by Deutsche Bank and the Städel Museum and are on loan for an unlimited period, will primarily be placed in the planned extension of the museum devoted to modern art since 1945. For the Städel, the works from Deutsche Bank represent a substantial addition to the museum’s collection, strengthen existing positions, close gaps in the collection and introduce new accents.    

Dr. Josef Ackermann, Chairman of the Management Board of Deutsche Bank, said: “The example we are setting with this permanent loan to the Städel reflects our social responsibility under the motto “building social capital.” We want to make the Deutsche Bank art collection accessible to a wider audience and thus foster creativity, which is the prerequisite for innovation, growth, and prosperity. At the same time, with the loan we are underlining our special connection with the city of Frankfurt and the Städel Museum."

Max Hollein, director of the Städel Museum, said: “The permanent loan of the works from the Deutsche Bank Collection to the Städel is surely one of the biggest expansions of the collection in the history of our museum. It is the highpoint of the long cooperative relationship between the two institutions. With the set of works from the Deutsche Bank Collection the Städel can continue to expand its post-1945 art collection at the highest level and fulfill its aim of illustrating important art-historical developments to visitors today and in the future.”

The selection of 600 works from the Deutsche Bank Collection consists of a total of 60 paintings and sculptures, 161 originals on paper, and 379 prints by 45 artists. It includes outstanding paintings and sculptures by Horst Antes, Hans Arp, Georg Baselitz, Joseph Beuys, Günther Förg, Anselm Kiefer, Konrad Klapheck, Martin Kippenberger, Markus Lüpertz, Sigmar Polke, Gerhard Richter, Dieter Roth, and Günther Uecker, as well as important works on paper and a wide spectrum of prints. The focus of the selection is German art from the 1960s to the present.

The works from the Deutsche Bank Collection, which was founded at the end of the 1970s and is considered one of the most important international corporate art collections, will primarily be presented in the Städel Museum’s new extension. The extension, planned by the Frankfurt architects Schneider+Schumacher, is expected to be completed by the end of 2010 or the beginning of 2011.

“The spectacular design of the Städel extension,” said Prof. Nikolaus Schweickart, Chairman of the Administration of the Städel Museum, “will set a striking example for the continuous further development of the museum, which was founded at the beginning of the 19th century. The museum’s cooperation with citizens and institutions that support the Städel out of conviction and with a great sense of social responsibility has a long tradition. So I am extremely happy that with Deutsche Bank we have a partner that is continuing this tradition with such a magnanimous and far-reaching gesture.”

Petra Roth, the mayor of Frankfurt, explained: “The permanent loan of the works from the Deutsche Bank Collection to the Städel Museum is an acknowledgement by the bank of Frankfurt as a location. We are proud that museums and commercial enterprises in our city are forming forward-looking synergies which greatly benefit the entire populace.”  

A first glimpse is offered by the exhibition at the Städel entitled “The Deutsche Bank Collection at the Städel Museum: First Choice” which will be open to the public from October 2 to November 9, 2009.

Further information is available from:

Deutsche Bank    
Press office
Dr. Klaus Winker    
Tel.: +49(0)69 910 32249   
E-Mail: klaus.winker@db.com              

Britta Faerber
Tel.: +49(0)69 910 35960
E-Mail: britta.faerber@db.com

Städel Museum

Press office
Dorothoea Apovnik (head), Kathrin Wiener
Tel.: +49(0)69-605098-234
Fax: +49(0)69-606098-188
Press downloads: http://www.staedelmuseum.de/

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