Abu Dhabis' Art Deco
ArtDaily reports that oil-rich Abu Dhabis have lashed out $800m for a 90% stake in New York City's famous Art Deco Chrysler Building, designed by William Van Alen in the 1920s. I wonder, do they see this as an investment in real estate or in art? Or in a monument to the world's dependency on black gold? The building's gargoyles - a throwback to European Gothic architecture - were modelled on Chrysler automobile ornaments. Those were the days: unsafe at any speed, but how the chrome gleamed on all those projections to gut unwary pedestrians.
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