Bankrupt Bank Logos, Baselitz, Monkey King: Chelsea Art

Bloomberg
March 21, 2012

Danish art collective Superflex examines the recent financial crisis with a hanging installation featuring bank logos.

The “Bankrupt Banks” exhibition at Peter Blum gallery in Chelsea has 24 cheerful painted banners, 6.6-feet square, hanging back to back from the ceiling in rows of two and three.

Merrill Lynch’s bull is shown in black on white, while Fannie Mae has its blue-and-white house on a hill and Washington Mutual’s punctured blue “W” is set against a yellow background.

A handout list details what happened to each company: “Alliance & Leicester acquired by Grupo Santander, July 14, 2008,” or “First Federal Bank of California acquired by One West Bank, December 19, 2009.”

The banners are $18,000 each. The show runs through April 14 at 526 W. 29th St. Information: +1-212-244-6055; http://peterblumgallery.com.

 

"Merrill Lynch''

``Merrill Lynch acquired by Bank of America, September 14, 2008'' (2012) by Superflex. The work is part of the exhibition "Bankrupt Banks" at Peter Blum Gallery in Chelsea. Source: Peter Blum Gallery via Bloomberg

"Sovereign Bank''

``Sovereign Bank acquired by Banco Santander SA, October 13, 2008'' (2012) by Superflex. The work is part of the exhibition "Bankrupt Banks" at Peter Blum Gallery in Chelsea. Source: Peter Blum Gallery via Bloomberg

"Fannie Mae''

``Fannie Mae acquired by United States Federal Housing Finance Agency, September 7, 2008'' (2012) by Superflex. The work is part of the exhibition "Bankrupt Banks" at Peter Blum Gallery in Chelsea. Source: Peter Blum Gallery via Bloomberg

The installation view of "Bankrupt Banks" at Peter Blum Gallery in New York. The works are by Danish art collective Superflex. Source: Peter Blum Gallery via Bloomberg