The architect, Peter Arens who is the monstrous carbuncle architect, not merely did his design which had won a public competition never get built but his practice suffered financially for some years.

Anthony Holden’s quote refers to Peter Arens, an architect who became infamous for his design, which was labeled as the “monstrous carbuncle.” The term carbuncle in this context refers to a design or structure that is widely considered ugly, unwanted, or out of place within its surroundings. Holden is criticizing Arens for creating a design that, despite winning a public competition, failed to be built. This highlights how even a successful design in a public contest does not guarantee actual implementation, especially if it is unpopular or controversial.

The quote also touches upon the financial consequences that Arens faced as a result of this particular design. Holden points out that the architect's practice suffered financially for several years, likely due to the negative reception of the design and its failure to be constructed. This illustrates the reality that architectural projects can have significant professional and financial risks, especially when public opinion and aesthetic values clash with the original vision.

By referencing the monstrous carbuncle design, Holden alludes to a broader architectural discussion about the responsibility of architects to design structures that harmonize with their environments, and not just to win competitions. The failure of Arens' design to come to fruition serves as a cautionary tale about the importance of public acceptance and the challenges architects face in balancing innovation with aesthetic harmony.

The origin of the quote lies in Anthony Holden's reflections on architecture and design in society, particularly focusing on the cultural and financial aspects of architectural success. Holden critiques Arens’ design, which was seen by many as an eyesore, and uses it as an example to discuss the fragility of an architect's career when faced with public rejection and the economic ramifications of such rejection.