The iconic euro sculpture in Frankfurt – POLITICO
FRANKFURT – The symbol most used for reporting on the European Central Bank is now on sale: the large blue euro sculpture in front of the central bank’s former headquarters in Frankfurt.
The 14-meter tall sculpture was erected with the introduction of euro banknotes in 2001 and has withstood the financial and sovereign debt crises. But now it has simply become too expensive to maintain.
The iconic artwork by German artist Ottmar Hörl has been maintained by the non-profit organization Frankfurter Kultur Komitee for 21 years under the direction of Manfred Pohl. Pohl said increasing vandalism and a lack of sponsors forced the committee’s decision to auction the piece in October.
“We’ve contacted 110 banks over the past 12 months, and 90 haven’t even bothered to respond,” Pohl said.
The ECB, which has contributed €15,000 a year for upkeep, has also not been interested in bolstering its support, and it did not participate in a roundtable in April aimed at securing funding, said Pohl.
Pohl said his organization has already attracted the interest expressed by many people and companies. So if you are a big fan of the single currency and want to acquire art, you can find more information here, but be aware that the sculpture weighs 50 tons.