Deutsche Bank partners the ART COLOGNE fair for the fourth time
Deutsche Bank will be presenting works by the sculptor Anish Kapoor at this year’s ART COLOGNE (April 16-20, 2008). In keeping with its longstanding partnership with the art fair, the bank will not only be exhibiting art in the Deutsche Bank VIP Lounge, but will also be presenting the main aspects of its commitment in the current year. At the same time, the bank will be using the art fair as an opportunity to make purchases to expand its corporate collection.
This autumn, the artist Anish Kapoor will realize a commission for the Deutsche Guggenheim in Berlin, an expansive installation entitled “Memory” (tbc). In recognition of this, the VIP Lounge at this year’s ART COLOGNE is dedicated to him: 18 paper works by Kapoor from the Deutsche Bank Collection will be on show – this is a rare opportunity to view them – together with the sculpture “Green to Purple”, on loan from the Lisson Gallery in London. The artworks, which span the period from 1989 to 2007, provide an exceptional insight into the work of the sculptor. Kapoor who was born in India and has lived in London since 1972 is known to a broader public predominantly thanks to his gigantic, reflective yet mysterious steel sculptures. Kapoor and Deutsche Bank have a longstanding history of cooperation. In 1996, one of the most important sculptures by the Turner prize-winner, Turning the World Upside Down III, was purchased by Deutsche Bank and installed in the lobby of the Bank’s main building in London.
Deutsche Bank’s Art Advisory Service will be hosting art market talks in its Lounge on all five exhibition days. In expert interviews, a number of key questions will be discussed, such as “What is good art?”, “What influence does art critic have on art today and the art market?“ and “Does the market make the art?”. The Art Advisory Service is part of Deutsche Bank’s Private Wealth Management, which mainly advises wealthy private clients. Its team of specialists offer collectors support in setting up, appraising and handling sales and purchases for art collections.
Deutsche Bank is also a cooperation partner of the symposium “Global EurAsia: Asia and the West in art and business.” International participants from different areas such as art, business and cultural policy will be discussing the exchange and influence of art and business between Asia and the West. Klaus Martini, Global Chief Investment Officer, Deutsche Bank Private Wealth Management, will be introducing the topic. In another item on the ART COLOGNE programme, the podium discussion on “Corporate Collections”, Friedhelm Hütte will talk about the expansion of the Deutsche Bank Collection.
“We would like to introduce more people to contemporary art and arouse their interest in artistic positions which may initially appear rather difficult to understand,” says Friedhelm Hütte, explaining one of the objectives of Deutsche Bank’s art commitment. He believes it is important to make the Collection more widely accessible to the public and regards international exhibitions and loans from the collection as a key aspect of this. One area which the collection focuses on is the medium of “drawing”. By means of purchases and support for individual projects, the bank actively encourages young artists. Furthermore, Deutsche Bank is planning to give its collection an even more international direction with art from Latin America and Asia, for instance.
Deutsche Bank’s commitment to contemporary art is setting new benchmarks worldwide. It has long been a presence at selected art fairs around the world. Art fairs sponsored by Deutsche Bank include the Frieze Art Fair in London and TEFAF in Maastricht.
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Deutsche Bank is a leading global investment bank with a strong and profitable private clients franchise as well as mutually reinforcing businesses. A market leader in Germany and Europe, the bank is also experiencing stronger growth in North America, Asia and key emerging markets. With 78,291 employees in 76 countries, Deutsche Bank offers a comprehensive range of services worldwide. The bank’s goal is to be the leading global provider of financial solutions for demanding clients, creating exceptional value for our shareholders and people.
Private Wealth Management combines the philosophy of a private bank with the services of a global group. This means an individualized, integrated service for wealthy individuals and their families combined with the outstanding performance of a global player. To achieve the client’s individual investment objective, Private Wealth Management advisors draw on the support of international portfolio managers and investment specialists, global research teams and analysts, real-estate experts and the art advisory experts. Art represents quality of life and inspiration, but often also constitutes a part of the clients’ total assets. Private Wealth Management regards itself as the clients’ partner and contact for all questions concerning art as an investment category. The expert team from the Art Advisory Service provides assistance in establishing, appraising and handling sales and purchases for art collections.