July 3, 2010

Art and money

I've noticed that some of the most extensive art collections in the Philippines, both paintings and sculptures, are owned by banks. One of these days, I have to find out whether the bank buys them as investment pieces or if they're accepted in lieu of cash when an artist or collector defaults on a loan. I didn't get the name of this sculpture or its artist, but I saw it in the lounge of Banco de Oro's head office when our university hosted an event for alumni employed by the bank.

bronze sculpture at Banco de Oro


See what's reflecting what at James' Weekend Reflections.
Weekend Reflections

21 comments:

Sharon said...

That is a beautiful sculpture. It would be interesting to know how they aquired it.

brattcat said...

I second what Sharon said!

dong ho said...

if i was there ill definitely hold it. it looks brittle yet with a solid color.

Autumn Belle @ KDP said...

A beatiful sculpture. Very artistic.

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Leif Hagen said...

Golden glitz and glamour at the Banco de Oro! BTW, I liked your fun theme day reflective photo!

Carletta said...

Beautiful sculpture!
Payment for debt - wonderful thought. Somehow I don't think the bank will barter. :)

Louis la Vache said...

hmmm....
Interesting question about how the banks acquire their art. In the U.S., the banks often commission works.

Greyscale Territory said...

A gorgeous sculpture! Lots of energy and drama in it!

Thom said...

It is beautiful my friend. I love it. It isn't a loaner...you know the exhibit traveling around to different places? Whatever it is excellent photo my friend :) Have a good weekend :)

Regina said...

Beautiful work of art.
Happy weekend reflections.
xo

Reena said...

i like artworks. :) it's always good to invest in those.

Ann said...

May be it is a loan just to expose them. here in New Zealand, a lot of the cafes and restaurants let Artists displace their work.

Malyss said...

The statue is very impressive..Good idea to share art by exhibitions in unusual places.
Have a nice week-end!

Eden said...

Wow, it's beautiful! Great post.

mARTy said...

glad that my quote made you smile;-) thanks for the visit! I like the pic of this sculpture a lot- it´s great-happy weekend

Kaori said...

I wonder what he's pointing at? Maybe where the secret safe is hidden, hehe.

EG Wow said...

How interesting that the banks can afford art! Hmmm. Maybe I better not think about this too much. :)

ρομπερτ said...

Surely an entry with much food for thought - beautiful art indeed. May life and time continue to treat all around kind. A great Sunday for you.

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Jacob said...

In the U.S. the banks would have bought this stuff with their bailout monies, after, of course, they paid themselves billions of dollars in bonuses.

James said...

That's a great looking sculpture. I rarely see banks like this anymore most just have the plain basics.

George said...

This is a beautiful sculpture. I like the light reflecting off the surfaces.