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Hugo Boss Winner Uses $100,000 Prize Money to Create Guggenheim Work of Art

by Marquette Turner Luxury Homes

in Artists, Design & Trends, Events, Variety

For the German artist Hans-Peter Feldmann, winning the Hugo Boss prize in 2010 meant an opportunity for him to create a unique piece of art. With the $100,000 prize he received for significant achievement in contemporary art, he has added to his contribution to the art world by pinning 100,000 one dollar bills on the wall of the Guggenheim Museum in New York City.

The bills he exposed in the museum had to be used bills, not crisp new dollar bills, so that no one would think that his work is about capitalism and power. The idea behind this concept was the artist’s connection to money throughout his career.

Feldmann says that there was no money in the art world when he started making art in the 1950’s, so this installation is about showing the world the quantity – how much money there really is in the sum of $100,000.

You can visit this year’s exhibition at the Guggenheim Museum between May 20 and November 2, 2011.  It’s a onetime only exhibition: the artist is belatedly taking home his prize money after November 2.

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