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Why Do Corporations Buy Art?

Duration: 10:43Views: 247.4KLikes: 10.6KDate Created: Nov, 2019

Channel: The Art Assignment

Category: Education

Tags: the art assignmentartart collectionscorporate artchase art collectioncontemporary artcorporate buyingcorporate collectingtax sheltersart historytheartassignmentart collectingexpensive artcorporate art buyingdeutsche bank art collection

Description: Corporate lobbies and board rooms are often graced with impressive art, but why? What's the rationale behind this expense, and what impact does it have on the rest of the art world? We look at the history of corporate collecting, starting with Chase Manhattan Bank in 1959, trace its meteoric rise since, and work through the reasoning behind it. #art #corporateart #arthistory Thanks to our Grandmasters of the Arts Vincent Apa, Josh Thomas, and Ernest Wolfe, and all of our patrons, especially Rich Clarey, Iain Eudaily, Frame Monster Design Laboratory, Patrick Hanna, Nichole Hicks, Andrew Huynh, Eve Leonard, David Moore, Gabriel Civita Ramirez, Constance Urist, Nicholas Xu, and Roberta Zaphiriou. To support our channel, visit: patreon.com/artassignment. Subscribe for new episodes of The Art Assignment every other Thursday, and follow us elsewhere for the full Art Assignment experience: Twitter: twitter.com/artassignment Instagram: instagram.com/theartassignment Facebook group: facebook.com/groups/artassignmentextracredit

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