**Written by Doug Powers
The highest price ever paid for a piece of art was previously $120 million, but taxpayers have shattered that record by shelling out about $500 million for what ended up as an exhibit known as SOL Grotto. The intrepid Zombie sets the stage:
One of the great mysteries of the 2011 Solyndra bankruptcy was: What happened to all that money? After the United States government “loaned” Solyndra $535 million, the money quickly vanished; the bankruptcy court later found that the company had essentially no cash on hand. They had spent it all on equipment and inventory.
Surely, then, the inventory could be sold and liquidated, to recover some of the ill-spent cash — right? Well, not really. Auctions of the material at the shuttered Solyndra factory produced very little revenue, as the highly specialized machinery and proprietary photovoltaic components spurred little interest among the auction vultures, since the parts could be used only for one specific purpose: to make Solyndra’s unique tubular solar panels.
The fate of Solyndra’s millions of unused glass tubes is still unknown (many of them were likely destroyed — we’ll get to that part of the story in a moment), but luckily a pair of Bay Area artists somehow managed to get their hands on some of the surviving Solyndra tubes and put them to good use…not to produce electricity, but as art.
SOL Grotto is part of an exhibition called Natural Discourse and is located at the University of California at Berkeley Botanical Garden. Don’t let anybody from Joe Biden’s office near it because there’s no telling what might happen.
Here’s the sign outside the exhibit:
The exhibit’s location is almost perfect in a symbolic sense… just a short walk from Steven Chu’s former office:
Zombie has many photos, video and a lot of the back story here.
When does the Abound exhibit open?
**Written by Doug Powers
Thursday open thread: Hillary talks gun control in wake of Va. shootings; Pentagon conforms ISIS threat to match WH narrative
August 27, 2015 08:37 AM by Doug Powers
EO signed by Obama in 2009 could doom Hillary’s ‘classified email’ excuses, but at least Biden is smiling
August 26, 2015 05:05 AM by Doug Powers
‘Not a smidgen of corruption’ moment of paws: Lois Lerner used email under dog’s name for IRS business
August 25, 2015 01:46 PM by Doug Powers
Obama torches 20,000 gallons of gas to warn that ‘fossil fuel interests’ are conspiring against ‘clean energy’
August 24, 2015 09:10 PM by Doug Powers
Total coincidence: Biden meets with Fauxcahontas; Hillary interrupts Hamptons vacation to campaign (Sunday open thread)
August 23, 2015 08:29 AM by Doug Powers