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The Speculative City - Art, Real Estate, and the Making of Global Los Angeles (Paperback)
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The Speculative City - Art, Real Estate, and the Making of Global Los Angeles (Paperback)
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A forensic examination of the mutual relationship between art and
real estate in a transforming Los Angeles Underlying every great
city is a rich and vibrant culture that shapes the texture of life
within. In The Speculative City, Susanna Phillips Newbury teases
out how art and Los Angeles shaped one another's evolution. She
compellingly articulates how together they transformed the
Southland, establishing the foundation for its contemporary art
infrastructure, and explains how artists came to influence Los
Angeles's burgeoning definition as the global city of the
twenty-first century. Pairing particular works of art with specific
innovations in real estate development, The Speculative City
reveals the connections between real estate and contemporary art as
they constructed Los Angeles's present-day cityscape. From banal
parking lots to Frank Gehry's designs for artists' studios and
museums, Newbury examines pivotal interventions by artists and
architects, city officials and cultural philanthropists, concluding
with an examination of how, in the wake of the 2008 global credit
crisis, contemporary art emerged as a financial asset to fuel
private wealth and urban gentrification. Both a history of the
transformation of the Southland and a forensic examination of works
of art, The Speculative City is a rich complement to the California
chronicles by such writers as Rebecca Solnit and Mike Davis.
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