People watch workers wrapping the Arc de Triomphe monument, Wednesday, Sept. 15, 2021 in Paris. The "L'Arc de Triomphe, Wrapped" project by late artist Christo and Jeanne-Claude will be on view from, Sept. 18 to Oct. 3. The famed Paris monument will be wrapped in 25,000 square meters of fabric in silvery blue, and with 3,000 meters of red rope. (AP Photo/Lewis Joly)
By Arno Pedram
The city of Paris is unveiling a monumental artwork built around an actual monument: the Arc de Triomphe completely wrapped in silver and blue fabric.
The installation by late artist couple Christo and Jeanne-Claude, who conceived the project in 1961, will open on Saturday. Visits will take place for almost three weeks. At weekends, the Arc de Triomphe’s traffic-heavy roundabout will be entirely pedestrianized.
Visitors to the famous Napoleonic arch, which dominates the Champs-Elysees Avenue, will not only be able to see the gleaming fabric, but to touch it too — as the artists had intended.
Those climbing the 50 meters (164 feet) to the top will step on it when they reach the roof terrace.
At a press conference on the project entitled “Arc de Triomphe, Wrapped,” France’s Culture Minister Roselyne Bachelot called it “a formidable gift offered to Parisians, the French and beyond, to all art lovers.”
Bachelot added that it was “a posthumous testimony of artistic genius.”
Bulgarian-born Christo Vladimirov Javacheff met Jeanne-Claude Denat de Guillebon in Paris in 1958 and they later became lovers. The idea for the artwork was born in the early '60s, when they lived in Paris. Jeanne-Claude died in 2009, and Christo in May last year. The monument was to be wrapped last fall, but the COVID-19 pandemic delayed it.
Christo "wanted to complete this project. He made us promise him that we will do it,” the couple’s nephew, Vladimir Yavachev, told The Associated Press.
The 14 million-euro ($16.4 million) project is being financed through the sale of Christo’s preparatory studies, drawings, scale models, and other pieces of work, Yavachev said.
Passersby on Thursday looked up in awe. “It makes me think of a big gray elephant placed in Paris on the Champs-Elysee" said 47-year-old Thomas Thevenoud, who works nearby.
“You really rediscover the beauty of the form," said 39-year-old Parisian Agnieszka Wojel. “I couldn’t stop taking pictures because it’s extraordinary... We are very lucky.”
The artists were known for elaborate, temporary creations that involved blanketing familiar public places with fabric, including Berlin’s Reichstag and Paris’ Pont Neuf bridge, and creating giant site-specific installations, such as a series of 7,503 gates in New York City’s Central Park and the 24.5-mile “Running Fence” in California.
Yavachev said he plans to complete another one of their unfinished projects: a 150-meter-tall (492 feet) pyramid-like mastaba in Abu Dhabi.
“We have the blueprints, we just have to do it,” he said.
___
Masha Macpherson and Alex Turnbull in Paris contributed
Daniel Madrzykowski, research director at the UL Fire Safety Research Institute, joins Cheddar News to discuss the deadly Bronx fire that killed 19 people and fire safety tips that people need to know about.
Markets closed the day mixed, and well off their lows of the day following a market meltdown earlier in the session. The Nasdaq staged a comeback late in the day, even amid ongoing worries about the Federal Reserve raising interest rates. Doug Flynn, certified financial planner and co-founder of Flynn Zito Capito, joined Cheddar News' Closing Bell to discuss the markets' close and what's driving the major indexes.
Two companies recently announced a new partnership aimed at addressing the growing demand to borrow against crypto - digital assets capital markets firm CrossTower is partnering with commercial bank, BankProv. The companies are launching a crypto lending platform that will allow Bitcoin miners to receive loans to invest in crypto mining equipment. The companies say the program also addresses the difficulty of breaking into crypto mining due to the high cost. CrossTower research analyst Martin Gaspar joins Cheddar News' Closing Bell to discuss.
Next-gen social sports platform Break the Love recently raised $2.5 million in seed funding. Break the Love's platform and iOS app allows users to discover and book group-based tennis activities, to either learn, train, or compete. The new company has already gotten support from a few big names in the world of tennis, including the coach of Naomi Osaka, as well as the United States Tennis Association and the brand Wilson. Break the Love founder and CEO Trisha Goyal joins Cheddar News' Closing Bell to discuss.
As the Omicron variant continues to sweep across the country. The US Supreme Court is expected to hear arguments at the end of this week on whether or not the Biden administration can force private companies to vaccinate or test millions of their employees. In addition, the National Nurses United has spearheaded legal action to protect nurses and health care workers, patients, and the public while on the job. President of the National Nurses Union, Zenei Cortez, joined Cheddar to discuss more.
China's ongoing crackdown of its own entertainment industry has been raising eyebrows for once now. With the ruling Communist Party instructing media companies to boycott immoral and overly entertaining stars. But the country has gone even further. Now experts warn that this could lead to further issues such as gender-based violence. Professor at the Institute of Sociology at National Tsinghua University, Hsiu-Hua Shen, and Associate Professor of Politics at Keough School of Global Affairs at the University of Notre Dame Joshua Eisenman, joined Cheddar to discuss more.
Today marks one year since the January 6 Attack on the United States Capitol. The Country watched as supporters of then-President Trump stormed what was assumed to be the most secure building in the country in an attempt to stop the certification of the 2020 Election. Several lawmakers, including the Vice President, could be seen ducking down as they feared for their lives. Democratic Michigan Representative Dan Kildee, joined Cheddar to discuss more.
Bed Bath & Beyond delivered disappointing fiscal third-quarter results for 2022. Shares initially dove more than 9% in premarket trading on the news but finished the day up nearly 8%. Bed Bath & Beyond has been a meme-stock target for online investors in the past -- so was meme-stock mania a factor in the recent stock movement for the company? Jaime Rogozinski, the founder of the subreddit WallStreetBets, joins Cheddar News' Closing Bell for more, as his forum helped spark the meme stock phenomena. He also discussed some decentralized finance services and trends for the retail investor to watch for in 2022.