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Case
| HBS Case Collection
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2006
(Revised from original 2006 version)
Christo and Jeanne-Claude: The Art of the Entrepreneur
by
G. Felda Hardymon, Josh Lerner and Ann Leamon
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Abstract
Christo and Jeanne-Claude, the artists who created The Gates in New York City in 2005, are trying to decide how best to finance their next project. Over the River, a project to drape sections of the Arkansas River with translucent fabric is a very different enterprise from The Gates. Bank Leu, the Swiss back that had provided a line of credit for The Gates, has declined the opportunity to participate in Over the River. As Christo and Jeanne-Claude review the Bank Leu vehicle, they must consider whether it is replicable to other projects and institutions or whether they should consider a different approach.
Keywords: Private Equity;
Arts;
Fine Arts Industry;
Arkansas;