February 8, 2013

Deutsche Bank Celebrates 15-Year Collaboration with Solomon R. Guggenheim Foundation

Contemporary Masterpieces Enter Guggenheim Permanent Collection

To commemorate its 15-year collaboration with the Solomon R. Guggenheim
Foundation, Deutsche Bank is pleased to announce that artworks by nine artists
commissioned for the Deutsche Guggenheim Museum in Berlin will become part
of the permanent collection of the Solomon R. Guggenheim Museum. Each of the
commissioned pieces was made expressly for the Deutsche Guggenheim site in
Berlin on Unter den Linden where the works debuted.

The commissions entering the Guggenheim collection include major works by
Pawel Althamer, John Baldessari, Hanne Darboven, William Kentridge, Julie
Mehretu, Gabriel Orozco, Agathe Snow, Jeff Wall and Phoebe Washburn and
encompass painting, photography, large-scale sculpture, installation and video.
Eight substantial commissioned works from the first five years of the collaboration
by Jeff Koons, Gerhard Richter, James Rosenquist, Andreas Slominski, Hiroshi
Sugimoto, Bill Viola, Lawrence Weiner and Rachel Whiteread were handed over
to the Guggenheim Museum in 2005.

Another group of commissions will become part of the Deutsche Bank Collection.
These will be on view in public or shared areas of the Bank and made available
for exhibition loans. Amongst these is a work by John Baldessari, which is
hanging in the lobby of the Bank’s New York office, as well as a major installation
by Anish Kapoor titled “Memory,” currently showcased at the Museum of
Contemporary Art Australia in Sydney.

The Deutsche Guggenheim was established in 1997 as a unique collaboration
between Deutsche Bank and the Solomon R. Guggenheim Foundation. Through
an ambitious program of exhibitions of contemporary and modern art as well as
commissions, Deutsche Bank and the Guggenheim Foundation acted as a
catalyst for artistic production by some of the 20th and 21st centuries’ most
accomplished artists. Originally conceived as a five-year program, it was extended
into a 15-year collaboration.

“As a result of our successful collaboration with the Solomon R. Guggenheim
Foundation, Deutsche Bank leaves an extraordinary legacy demonstrating the
enormous benefits of our cultural alliances. By handing over these works to the
Guggenheim we are ensuring they will be accessible to people all over the world,”
said, Stefan Krause, Deutsche Bank Management Board member and Chairman
of the Global Art Steering Committee.

“The presence of the Deutsche Guggenheim in a new, re-unified Berlin was a
significant contributor to the success of Berlin as a revitalized city, a cultural
destination, and artistically vibrant capitol,” said Richard Armstrong, Director of the
Solomon R. Guggenheim Museum and Foundation. “We are thrilled that as part of
our permanent collection, these commissioned works will now be available to a
global audience through exhibitions and online platforms.”

Deutsche Bank will continue its exhibition gallery in Berlin as the Deutsche Bank
KunstHalle. Beginning in April 2013, the Deutsche Bank KunstHalle will show
collaborative projects with independent curators, international partner museums
and cultural institutions as well as regular exhibitions of works from the Deutsche
Bank Collection. The Bank’s collaboration with the Guggenheim will continue on a
project by project basis.

For further information, please call:
Deutsche Bank AG
Mayura Hooper
Phone: + 1 (212) 250 5536
Email: mayura.hooper@db.com


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Last Update: February 8, 2013
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