“In a move that some coin collectors fear could eventually make it difficult to pursue their passion, the United States government has imposed import restrictions on ancient coins from Cyprus. It is the first time the United States has limited trade in a broad category of coins as part of an effort to guard the cultural heritage of another country.”
Tag: 07.18.07
PA Puts Its Money Where Its Mouth Is
Pennsylvania lawmakers have approved a new package of tax credits designed to lure Hollywood filmmakers to the state. “The bills provide for a $75 million tax credit program to lure large productions to the state and $5 million in grants to attract smaller ones.”
Striving For Visibility
Dallas’s Arts District, which counts the Dallas Symphony, the Crow Collection of Asian Art, and the Nasher Sculpture Center among its resident groups, has become the cultural destination its supporters hoped it would be when it was first conceived more than 30 years ago. But for small and medium-sized arts groups headquartered in the district, it can be an uphill battle to even be noticed by the larger public. An advocacy group is hoping to change that.
Detroit Arts Get Cash Infusion, With More To Come
The Kresge Foundation has pledged $6 million to Detroit-area arts programs as part of “a new grant program that promises to funnel $2 million annually for three years to orchestras, museums, theaters and other groups… The news could not have come at a more critical juncture for local arts groups, which have struggled to raise corporate and private dollars in Michigan’s stagnant economy and replace the millions lost to severe cuts in state arts funding.”
£300 Painting May Be Titian Worth £5 Million
“The estimate on the picture was £300-£500. When its turn came last Tuesday at Gilding’s – a small, family-run auction house that holds about 45 sales per year – something truly extraordinary happened. The final hammer price was £205,000. And, enormous as the figure may seem, that’s just the start of it. The London fine art trade is now abuzz: this painting is very probably a Titian, painted in Venice between about 1510 and 1520. And as such, its real market value is likely to be upwards of £5m.”