This is Love -the original Love by Robert Indiana. You've seen it on stamps and on postcards, and it has been installed in various other incarnations around the country. This, however, is work located in Indiana's home state, Indiana. It sits on the grounds of the Indianapolis Museum of Art, just north of downtown Indianapolis.
Here is the view of the back:
I thought that the space between the "L" and the "V" was most intriguing. Is it shaped like an arrow? If so, perhaps Indiana is suggesting that love can only bring you down. Maybe he's saying that we try to love as best we can, but it's imperfect because we are only human. Is it shaped like the head of a spear? Ah... Indiana is saying that love can pierce us, maybe even destroy us. The interpretive possibilities are endless.
Why is it rust-colored, you ask? There is an explanation: