DAVID Bowie is to open a publishing house in London to produce "cutting edge" contemporary art books.
The rock singer, who recently turned himself into a Wall Street investmentby selling £34 million worth of bonds against future royalties from songs such as Ashes to Ashes and Space Oddity, is one of the largest collectors of 20th century British art.
The publishers, which will be called "21", will produce its first book, Blimey! From Bohemia to Britpop: the London Artworld from Francis Bacon to Damien Hirst, next month. The venture will cash in on the booming modern art scene in London, inspired by Hirst, Rachel Whiteread and the Chapman brothers.
Sales of British art are dominating New York's contemporary galleries at present and even the 229-year-old Royal Academy is to mount an exhibition, called Sensation - showing the controversial work of young British artists from Charles Saatchi's collection - immediately after the Summer Show. In a statement yesterday, Bowie said: "21 is the future. It will revolutionise art publishing in this country."
Daily Telegraph, 24 Apr 1997