Art-House Market Crashes Along with Real House Market
Rohin Guha
November 11, 2008
So if the housing market tanks, what happens to the future prospects of meticulous museum emulations of the housing market? They tank too. Sorry, MoMA! This past summer, New York's Museum of Modern Art was featuring a collection of futuristic pre-fab housing on display as part of "Home Delivery." After the show closed in late October, the architects who designed homes as part of the exhibition were allowed to sell the homes. A lovable Russian billionaire was in talks to buy all five homes before the market crashed. Now, except for one dwelling, the homes have been sold off for a fraction of their market value or dismantled entirely.
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Posted by tony on Wed Nov 12, 2008 at 08.41 am
Why is it that most of the scant number of online articles on this demolition have had a tinge of enjoyment or satisfaction that the houses were dismantled or sold for much lower than asking?
I mean, really, who’s taking satisfaction in this news? Does it make people feel better that a group of architects who invested their own time and money to build their concepts have now watched them be destroyed? Is there some mass movement against modern art institutions?
Bitter, bitter…