Tuesday, February 16, 2010

02/16/2010


“More than 1,200 works from Polaroid’s corporate collection, chronicling decades of artistic experimentation by Andy Warhol, Chuck Close and others who pushed the aesthetic boundaries of the instant-film process, will be hammered away by order of the U.S. Bankruptcy Court for the District of Minnesota. Many non-Polaroid photos are also being sold.” - Bloomberg


“The earthquake that killed so many also demolished the island's galleries and destroyed thousands of paintings.” – UK Guardian

London’s National Gallery Staff Strikes

“Up to 100 staff members at the National Gallery in central London have gone on strike in a dispute over pay.” – BBC News

New Threat to Shipping Art: Air Travel Security

“The Transportation Security Administration has mandated that beginning on Aug. 1, all items shipped as cargo on commercial passenger airplanes — estimates are that as much as 20 percent of art shipped around the world travels this way — will have to go through airline security screening.” – NY Times

Judge Orders the Return of Getty Bronze

“A judge in Italy has ordered the confiscation of the famed Statue of the Victorious Youth, which is also known as the Getty Bronze. The artwork, which dates from 300 B.C. to 100 B.C., is currently in the collection at the Getty Museum in Los Angeles.” – LA Times

The New Art Investors (Celebrity Musicians)

"As the music business became more lucrative, so artists such as Madonna, Sir Elton John, Jarvis Cocker, Brian Eno and his ex-band mate Bryan Ferry invest much of their accumulated wealth in both modern and classical art.” - UK Guardian

Tuesday, February 9, 2010

02/09/2010

Money Trouble at the Met

“New York’s Metropolitan Museum of Art shed 14 percent of its staff in the year ending in June amid a record operating deficit. At least 250 employees were fired or took buyouts as the museum reported that its investments declined by more than $600 million, or 24 percent.” - Bloomberg

Giacometti Sculpture Sets All-Time Auction Record

“A 1960 Alberto Giacometti sculpture sold for £65 million ($104.3 million) at Sotheby's, setting a record price for a work of art at auction and signaling a potential resurgence in the art market.” - WSJ


SFMoMA Raises $250 Million

“The San Francisco Museum of Modern Art announced Thursday that it had raised more than $250 million to expand the museum and double its endowment. The museum is building a new wing to show the collection of Gap founders Donald and Doris Fisher.” - WSJ


Iran Cuts Ties With British Museum

“Iran said it will cut ties with the British Museum on Monday because of the museum's failure to lend Tehran an ancient Babylonian artifact described as the world's earliest bill of rights.” – Washington Post


Dell Purchases Magnum Photo Library

“Billionaire Michael Dell’s investment firm, MSD Capital LP, has acquired about 185,000 vintage photographic prints from the Magnum Photos agency in what is thought to be among the largest photo transactions in history.”

- Bloomberg