The Amex Centurion card, created in collaboration with Rem Koolhaas. Photo: American Express.
Art Industry News is a daily digest of the most consequential developments coming out of the art world and art market. Here’s what you need to know on this Tuesday, February 9.
NEED-TO-READ
How Deaccessioning Is Playing Out in the Public Sphere – Andrew Russeth captures the battle royal underway in the museum world surrounding deaccessioning in light of new challenges posed by the pandemic. Perhaps the most vocal proponent of a loose constructionist view is Baltimore Museum of Art director Christopher Bedford, who said: “Museum directors, as a convention, learn art history in the classroom, and they learn economic management in practice. The big revelation, for me, is that my greatest act of creativity is now an economic one, as opposed to a conventionally defined creative one.” (
Rem Koolhaas on OMA’s Rotterdam beginnings, Boompjes and Amex
Rem Koolhaas on OMA’s Rotterdam beginnings, Boompjes and Amex
We caught up with Rem Koolhaas to discuss OMA’s beginnings, setting up shop in Rotterdam, and his new design for the Amex Centurion ‘Art Card’, which was inspired by Boompjes, OMA’s very first commission in the Dutch port city in the early 1980s
The silk-screen triptych for the Boompjes project
Rotterdam and OMA have long been intertwined. The Dutch port city has been home to the celebrated architecture practice for over four decades now, and it is also co-founder Rem Koolhaas’ birthplace. Still, the architect didn’t spend a lot of time there until the 1980s. Instead, he followed a more international trajectory in his early years. His childhood was mostly divided between Amsterdam and Jakarta, and after graduating from the Architectural Association in London, he moved to New York to attend Cornell. His book,
By IPE staff2020-12-21T13:28:00+00:00
AEW has bought an office building in the Netherlands on behalf of its European value-add property fund.
The manager, on behalf of the AEW Europe Value Investors II fund (EVI II) has paid an undisclosed amount to acquire the eleven-storey HeadQuarter building in The Hague.
AEW said the deal is the fund’s third investment in the Netherlands, following the acquisition of the Boompjes and Vasteland assets in Rotterdam earlier in the year.
Carsten Czarnetzki, fund manager of EVI II at AEW, said: “This acquisition is a unique opportunity to acquire a fully-let office asset below replacement value.