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  3. The Pritzker-Profit Connection: Shigeru Ban's Works Gaining Value in NYC

The Pritzker-Profit Connection: Shigeru Ban's Works Gaining Value in NYC

The Pritzker-Profit Connection: Shigeru Ban's Works Gaining Value in NYC

A recent article from The New York Times confirms something we've all long-suspected. A Pritzker translates into big bucks. Demand for Shigeru Ban's Manhattan buildings has soared since his awarding of the prize. The New York Times reports that page views of the Metal Shutter Houses, for example, have quadrupled on the listings site Streeteasy.com. Why? The Pritzker name carries weight:

But what does it mean when architecture - particularly the architecture of a socially-conscious designer like Ban - becomes a brand-name item? As Laura Ilonemi writes, "the Pritzker Prize begins to perpetuate an environment that is unhealthy to architecture: too strong a divide is created between winners and non-winners of the same calibre. [...] Sought-after commissions, and other opportunities perhaps better suited to other candidates, may well go to Pritzker Prize winners, helping to reinforce the trend of 'designer buildings' in much the same vein as designer label consumer goods and products. "

As one real estate agent, representing a resident of the Metal Shutter Houses, put it: “It’s like buying an Hermès bag but better.” Is, in the end, the Pritzker nothing more than a branding tool? Should it be more? Let us know your thoughts in the comments below.

About this author
Cite: Vanessa Quirk. "The Pritzker-Profit Connection: Shigeru Ban's Works Gaining Value in NYC" 09 Apr 2014. ArchDaily. Accessed . <https://www.archdaily.com/494951/the-pritzker-profit-connection-shigeru-ban-s-works-gaining-value-in-nyc/> ISSN 0719-8884
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