This is art!? Another Blockbuster Production

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This is art!? Another Blockbuster Production

City Groningen, Country The Netherlands
Year 1989
Writer Blade
Category Groninger Museum

As they often do in Blade's oeuvre, the letters of his name play a prominent part in this painting.
However this work also features, albeit a lot smaller, the names of two other artists: Andy Warhol and Jeff Koons.
Whereas graffiti artists were vigorously contested by yhe government as well as by most art critics, Warhol and Koons were considered established names by art-loving America.
Who, then, decides what constitutes art? And what would the meaning of King Kong be in this context?