Friday, July 2, 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


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