The Deutsche Bank’s art collection is currently the richest in the world.
The bank started collecting works in 1979 to support emerging German artists. The bank has since grown
considerably, along with its collection, which now includes some 57,000 artworks.
The collection’s prime masterpiece is Abstrakt Bild, a painting of colossal dimensions by Gerhard Richter. The piece is currently located in the firm’s headquarters on Wall Street. Each floor of the bank’s New York headquarters tackles a different artistic theme — one floor displays photographs, another shows houses painted by sculptors, while yet another focuses on the body.
The bank considers art to be an investment — one that is more cultural than financial. For that reason alone, it has been known to organise roundtables and events for employees to focus on the collection and on its related exhibitions.
The Deutsche Bank is yet another example of a firm invested in art because it happens to be run by art lovers.