Berlin's cultural capital in peril from exodus of billionaire art collectors

Thousands of works will disappear from galleries as rent rises and a stand-off with city government take their toll Home to some 400 galleries and an estimated 8,000 artists, Berlin has long aspired to be what its politicians call the cultural capital of Europe. Yet in the coming year, thousands of works by artists including Joseph Beuys, Louise Bourgeois, Bruce Nauman and Gerhard Richter are set to vanish from its galleries, as the city debates what lengths it should go to to protect art collectors from the sharp edge of a property boom. Continue reading...
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