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2014 Hugo Boss Prize Finalists Announced

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The finalists for the 2014 Hugo Boss Prize, which comes with a $100,000 purse and a solo show at the Guggenheim in New York, have been revealed in Carol Vogel’s Inside Art column for the New York Times on Thursday. They are: Hong Kong-born, New York-based conceptualist Paul Chan; Indian painter, sculptor and installation artist Sheela Gowda; French video artist and filmmaker Camille Henrot; Cairo-based, London-born Hassan Khan; and video artist-turned-filmmaker Steve McQueen.

The Hugo Boss Prize, which has been given out every two years since 1996, went to Danh Vo in 2012; in 2010 the victor was Hans-Peter Feldmann — who famous papered the walls of an entire Guggenheim gallery with his prize money, 100,000 $1-bills; and Emily Jacir won it in 2008. The inaugural Hugo Boss Prize went to Matthew Barney.

Next year’s winner will be announced in the fall of 2014, with a solo show slated for the spring of 2015.

— Benjamin Sutton (@bhsutton)

(Photo via Guggenheim/Facebook.)

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  1. Before Richmond, however, all of the cities that considered the scheme have been dissuaded, in part by concerted financial industry opposition. Investors in mortgage-backed securities hate the eminent domain idea. No mystery there: The vast majority of the mortgage loans that cities want to seize belong to MBS trusts. When cities talk about buying mortgages for 80 percent of the current value of a house, they’re not accounting for the value of the seized loan to the MBS trust that actually owns the mortgage, especially because these eminent domain proposals call for the takeover of performing loans, not mortgages on which homeowners have already defaulted. (More than 440 of the homeowners that received notices from the city of Richmond are up-to-date on their mortgage payments.) So as Timothy Cameron, the head of the Asset Management Group of the Securities Industry and Financial Markets Association, explained to me on Thursday, MBS investors believe that they’re twice injured by mortgage seizures under eminent domain plans. First, they’re shortchanged on the value of the revenue stream from a performing loan; and second, they’re damages by the decline in the value of their mortgage-backed securities, which are worth less when performing loans are terminated.

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