DEUTSCHE GUGGENHEIM CLOSURE
Various European publications have weighed in on the Deutsche Guggenheim’s revelation that it will close its doors by the end of the year, reported earlier this week on artforum.com. Officials announced the decision, which seemed puzzling to many, without offering any concrete reasons, but Monopol pointed out that Deutsche Bank is currently in a difficult position in the US, facing prosecution for malpractice in the lead-up to the financial crisis. While spokespeople from the Guggenheim and Deutsche Bank declined to comment on the reasons behind the institution’s planned closure, Der Standard reports that the head of Deutsche Bank, Josef Ackermann, announced that the space on Unter den Linden will be used for a newly planned forum for dialogue between economics and politics. What a new partnership with the Guggenheim could look like remains open-ended: Friedhelm Hütte, who is in charge of the bank’s art activities, spoke of “select projects.” However, Johannes Marten, a press officer at the Deutsche Bank, confirmed to Monopol that there won’t be a new space._Artforum
