Thursday, October 18, 2007

Comment on the Future of Generali Foundation and Bawag Foundation

On September 12, 2007, the public was informed by a press release that two Vienna art institutions, the GENERALI Foundation, and BAWAG
Foundation, will merge and be located in the same place. All current
human and structural resources will be consolidated into one
"FOUNDATION(s)QUARTIER GmbH" to be established by the BAWAG, P.S.K.,
and Generali.

The undersigned wish to register their apprehensions regarding this consolidation largely made with respect to economic considerations. We are concerned that two renowned art institutions that have contributed enormously to Vienna’s cultural life will suffer the loss of their credibility. Prior to this decision no advice was sought from experts. Neither the competent international board of the GENERALI Foundation, nor any independent committee of experts was consulted. In the future institution, the artistic director will no longer have budget authority. This can only have negative effects on exhibition and collection activities.
The undersigned appeal to the management of the Generali Versicherung to preserve the integrity of their top-class art collection. It was exactly the GENERALI Foundation’s high-standing public reputation, and the faith in its institutional stability that helped win the trust of internationally renowned artists and galleries. It is for these reasons that the collection today is of international standing. This entails the responsibility to keep it accessible to a wide public.

If you wish to support the statement, please sign here:

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