Art: Sprezzatura in Steel

Although most of the best large-scale sculpture produced in the past 15 years has been made in and around New York, the city provides few spaces where it can be viewed in proper perspective. Now private initiative is making up for public failure. In front of Hammarskjold Plaza, its new office block on Second Avenue at 47th Street, Wolf & Macklowe, a New York real estate firm, has created a sculpture garden for rotating displays of sculptures too large to be exhibited elsewhere. "I told the city," says Harry Macklowe, 33, "that I'd bear...

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