Deutsche Bank removes a trio of massive and expensive paintings from its Wall Street lobby
Deutsche Bank
removed three abstract paintings by German artist Gerhard Richter from its New York office’s lobby, Bloomberg reports .
The paintings are estimated to be worth between $12 million and $30 million. A bank spokesman declined to say whether the paintings were sold.
The art’s removal follows a “radical transformation” announced by Deutsche to slash about 18,000 jobs and focus more on commercial and corporate clients.
Three large abstract paintings by German artist Gerhard Richter were removed from Deutsche Bank’s Wall Street lobby, according to a Bloomberg report .