100,000 dollar bills will become art in NYC

NEW YORK — A German artist is using his $100,000 contemporary art prize to create a conceptual piece — literally.

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He's pinning 100,000 used dollar bills to the gallery walls of a major New York City museum.

Hans-Peter Feldmann's installation at the Guggenheim Museum opens May 20 and runs until Nov. 2.

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.