What Art did Enron Buy?

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\i think this tells alot about a company

anthony, Wednesday, 27 February 2002 01:00 (twenty-three years ago)

See Enron. See Enron buy the art. The art is big and red. Enron's books are red also. Buying art is fun.

Kim, Wednesday, 27 February 2002 01:00 (twenty-three years ago)

i am serius , i cannot find this at all .

anthony, Wednesday, 27 February 2002 01:00 (twenty-three years ago)

Oh you're no fun. Fine. Found this for you on artnet.com.

TOP CURATORS CAUGHT IN ENRON WEB Two top museum curators have become caught up in the bankruptcy scandal surrounding the Houston energy company Enron, which among its many business enterprises also embarked on a multimillion-dollar art- buying spree. The Enron corporate collection was formed with the assistance of Ned Rifkin, the new director of the Hirshhorn Museum who formerly headed the Menil Collection in Houston, and Barry Walker, a curator at the Houston Museum of Fine Arts. The two museum staffers received no remuneration for their extracurricular activities, according to a spokesperson for the Houston MFA. Among the Enron acquisitions, according to a report in the New York Times, was Martin Puryear's Bower (1980), a sculpture of wooden latticework that sold at Sotheby's New York last spring for $764,750 (with premium) -- an auction record for a work by the artist. The Enron art committee was headed by Lea Fastow, wife of former Enron fiscal officer Andrew Fastow, who is at the center of the scandal. The corporate art collection should eventually end up on the auction block along with other Enron assets -- but don't be surprised, say business observers, if choice artworks end up in the hands of top company executives.

...and this is from The Washington Post.

What Enron was, though, was a good corporate citizen, one that spread its money throughout the city. And the latest big Enron project was the formation of a great art collection, one that would be on display to the public as well. Enron executives -- particularly Fastow -- envisioned this collection as one that would be mentioned in the same breath as those held by companies like Chase Manhattan and Paine Webber. Prominent members of the Houston art world, including Ned Rifkin -- then the head of the Menil Collection, now the director of the Hirshhorn Museum -- and Barry Walker, a curator at the Museum of Fine Arts, were recruited to be a part of the collection committee, which was headed by Lea Fastow. According to Walker, the plan was to forge a collection full of new, cutting-edge pieces, along with a few examples of earlier modernist classics to work as anchors. "They wanted the work to be contemporary and adventurous -- the work was supposed to reflect Enron's culture," Walker says. So the group bought a Bridget Riley and a Bill Viola projection piece, the Oldenburg and an important Mark Puryear titled "Bowers" that went for nearly $700,000 at auction. As one of the anchors, they purchased a piece by famed minimalist Donald Judd. When the bankruptcy occurred in December, more than a dozen pieces had been collected, costing in the millions, and the committee was in the process of reviewing proposals by artists for solicited pieces as well. These days, though, Walker isn't sure where all of the art is, or how it's being handled. Some pieces, he says, were never delivered, and remain at different galleries and studios. The two major pieces, the Puryear and the Judd, were never installed in Enron's headquarters. The Puryear has been lent to the Menil, and the Oldenburg to the Museum of Fine Arts. The Oldenburg, called "Soft Light Switches," is a red-vinyl version of the traditional double light switch. Some experts consider it a pop masterpiece. It saddens Walker that it's in a crate and not being seen. "If we're going to show a work," Walker says, "we usually get permission to exhibit it, and I don't know who to get permission from now. I've never been in a Chapter 11 situation before. This is new territory for me."

Kim, Wednesday, 27 February 2002 01:00 (twenty-three years ago)

so, boring and decortive but important then, any fool who spent 700k on bowers should go bankrupt, grumble , grumble , grumble

anthony, Thursday, 28 February 2002 01:00 (twenty-three years ago)


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