Many arts groups are heavily invested in the stock market, and rely on endowment revenue to survive. “The arts groups’ predicament has some managers asking whether endowments should be regarded more as rainy-day funds than as annual producers.”
Tag: 11.22.08
Florida Dealer Charged With Selling Forgeries
“A prominent New York and Miami art dealer was arrested Friday on charges of selling forged paintings bearing the names of famous artists including Henri Matisse, Marc Chagall and Tom Wesselmann.”
The Instant Iconization Of Architecture
Traditionally, a building is an icon when it is a popularly-recognized symbol of something larger than itself — like the White House, the Eiffel Tower or the Empire State Building. Architectural icons are generally anointed by the public, and sometimes a long time after they are built. So why do developers think that they can create instant icons?
Canada’s National Gallery Set To Name New Director
Marc Mayer has worked as a curator at the Albright-Knox Art Gallery in Buffalo, has been director of the Power Plant Contemporary Art Gallery in Toronto and was deputy director for art at the Brooklyn Museum of Art.
Eli Broad Offers Museum Of Contemporary Art A Bailout (With Conditions)
“The Broad Art Foundation is prepared to make a significant investment in MOCA — $30 million — with the expectation that the museum’s board and others join in this effort to solve the institution’s financial problems. It is vital that the museum remain on Grand Avenue, keep its collection and continue its tradition of world-class exhibitions.”
Struggling Broadway Sees Two More Shows Close
“Charlotte St. Martin, executive director of the Broadway League, said on Friday the next six weeks were a crucial time for the theater business, which typically enjoys its busiest period over the Thanksgiving, Christmas and New Year holidays.”
Miffed Conductor Snubs Boston Symphony
“In an extremely rare public flare-up in the outwardly genteel world of major symphony orchestras, Gennady Rozhdestvensky, the 77-year-old maestro… pulled out of the entire run of four concerts he was scheduled to conduct with the Boston Symphony Orchestra. He is outraged, he said yesterday, at how disrespectfully, in his view, the BSO administration had marketed his appearances to the public.”