The Joffrey Ballet has given up on plans to renovate and build a new home, due to soaring costs. “The 48,000-square-foot structure, which has been appraised at $4.5 million, was in substantial disrepair. Construction bids to renovate the building ballooned to the upper $30 million range.”
Tag: 01.23.05
Is The Art Market About To Bust?
The art market has been soaring, with prices shooting up as many look to art as an investment. But some are worrying that the bubble may be ready to burst. “If anything, the feverish buying suggests a kind of herd instinct and the market may well be in for a serious correction. Many of the new collectors do not have a grounding in art history or a fundamental understanding of what they are buying.”
Bollywood Woos Western Actors
A n increasing number of Western actors are going to Bollywood. “Bollywood has truly gone global. Directors are now attempting to woo non-Asian audience to increase their share in the overseas film market.”
The Art Of Costco (Literally)
What’s so strange about buying a Picasso at Costco? They have an excellent return policy. “By visiting costco.com and searching under ‘fine art,’ buyers can access a list of artworks for sale by Marc Chagall, Amadeo Modigliani, Henri Matisse, Georges Braque and others. On Wednesday, prices on the ever-changing list ranged from $21.49 to about $1,500, for a limited-edition lithograph. With a click of the mouse, you can add art to your cart.”
The “Porno-ization” Of The Book Industry
Sex seems to have taken over the book industry. It’s on the best-seller lists, and it’s in the bookstores. “Porn has long been a multibillion-dollar industry – in its Internet and direct-to-DVD ghetto. But rarely has “aboveground” publishing been so saturated with sex. It’s the ‘porno-ization of the culture’.”