Fine art and British Rail may not seem like they have much in common, but for several decades British Rail, through its pension fund, was a major player in the world of fine art.
From the
NY Times (Apr 5, 1989):
Between 1974 and 1981, British Rail became Britain's first (and it is believed only) large pension fund to enter the collectibles market, acquiring more than $70 million worth of paintings, prints, drawings, furniture and other top-flight works to supplement more conventional investments as a hedge against inflation, which was extremely high in Britain at the time.
The pension fund began selling its art in 1986, and sold the last of it in 2003.
The Wall Street Journal reported in 1996 that the pension fund made a return of 13.1% per year on its art. Which doesn't seem bad at all. However, its stock portfolio, during the same period, returned 22% a year.
If you're looking for a coffee-table curiosity, there are several books dedicated to the artwork owned by the British Rail pension fund.
More info:
"When a railway fund started buying paintings"
In 1965, thousands of sealed Coca-Cola bottles containing "subversive bulletins" were found floating off the coast of the Northern Celebes.
Miami Herald - July 30, 1965
I can't find any information about who was responsible for this strange act of subversion. But it recalls a later subversive use of Coca-Cola bottles by the Brazilian artist Cildo Meireles.
It was during the 1970s when used glass bottles would be returned and refilled. Meireles would modify the bottles before returning them by adding white text on the side showing messages such as "Yankees Go Home" or instructions for turning the bottle into a Molotov cocktail.
As the bottle progressively empties of dark brown liquid, the statement printed in white letters on a transparent label adhering to its side becomes increasingly invisible, only to reappear when the bottle is refilled for recirculation.
More info:
Beach Branding and Packaging Design
Jeff Koons's 1987 "sculpture" is titled "New Hoover Deluxe Shampoo Polishers, New Shelton Wet/Dry 5-Gallon Displaced Quadradecker." It consists of a stack of six shampoo polishers and one wet/dry vacuum.
I wonder if the work was inspired in any way by the persistent weird news theme of 'art mistaken as trash.' Instead of art that resembles trash, Koons imagined cleaning supplies as art.
Yeah, I'm probably overthinking this.
New Hoover Deluxe Shampoo Polishers, New Shelton Wet/Dry 5-Gallon Displaced Quadradecker
image source: wikiart
In 1977, artist
James Patrick Finnegan published an oddball guide to San Francisco, titled
Jim's Guide to San Francisco. It consisted of pictures of him posing in front of San Francisco businesses that were named Jim: Jim's Barber Shop, Jim's Donut Shop, Jim's Transportation, Jim's Smoke Shop, etc.
The book was printed in black-and-white, but he handcolored parts of it with a crayon. I assume he individually handcolored each copy sold.
I haven't been able to find any scanned copies of the book online,
and only one copy of it for sale. The seller is asking $300, justifying that price by the book's rarity.
It's been almost 50 years since the book came out, so Finnegan should do an updated guide. I'm sure there's now a whole new batch of businesses in the city named Jim.