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Artist Hans-Peter Feldmann To Put 100,000 One Dollar Bills On Display At Guggenheim

NEW YORK (CBSNewYork/AP) -- A German artist is using his $100,000 contemporary art prize to create a conceptual piece -- literally.

Hans-Peter Feldmann will pin 100,000 used dollar bills to the gallery walls at the Guggenheim Museum. The installation opens May 20 and runs until Nov. 2.

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Feldmann is the 2010 winner of the Hugo Boss Prize, established by the museum and named after the German fashion company.

The Guggenheim says Feldmann is portraying currency as mass-produced material used every day, rather than a symbol of capitalism.

The 70-year-old artist previously has created a sequence of 100 portraits of people, from babies to age 100.

Extra security cameras and guards will ensure the bills remain on the wall.

Feldmann will keep the money after the exhibition.

(TM and Copyright 2011 CBS Radio Inc. and its relevant subsidiaries. CBS RADIO and EYE Logo TM and Copyright 2011 CBS Broadcasting Inc. Used under license. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. The Associated Press contributed to this report.)

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