The Coming Asian Art Shift

“Of the world’s 20 top-selling artists, 13 are from Asia, with 11 coming from China. Asian artists make up six of the top 10 biggest sellers at auction, five of which are Chinese. Experts predict that within a decade, the term ‘Asian art’ will be as widely used as ‘Western art’ and will be responsible for most global sales.”

Billy Boosts Broadway

Billy Elliot, which tells the story of a boy from a working-class city in England who wants to be a ballet dancer, is shaping up to be the one bright spot on an otherwise gloomy-looking Broadway, where shows are crashing with the speed of emerging markets in Southeast Asia.”

What To Do With Your Old Wal-Mart

Architecturally speaking, big box retailers are a blight on the American landscape. So when they fail, should the shells simply be left to rot? Maybe not – a new book argues that “those who gaze at the big-box stores…and fail to see future cathedrals, museums or artists’ communities have no sense of history. Or imagination.”

Measuring The Arts’ Rate Of Return

“Houston is an economic powerhouse in energy, technology, international trade and medical research… But Houston is also an economic powerhouse in the arts. When you compare this to the city of Houston’s $10 million public investment in the arts and the state’s symbolic $3.9 million investment, the citizens of Houston are getting a fifty-four percent rate of return on their tax investment.”

Major Cuts At OBT

Oregon Ballet Theatre is dumping its live orchestra for all but a few performances of The Nutcracker to save money. In addition, “nine senior staffers took a 5 percent pay cut, and salaries were frozen across the rest of the staff. The company also made production cuts for a total savings of a little more than $300,000, or about 5 percent of its $6.7 million budget.”