- Obama’s proposed budget would increase arts funding by about $200,000. [The Chronicle of Higher Education]
- Philanthropist and cosmetics tycoon Leonard A. Lauder gives his Cubist collection, valued at over $1 billion, to the Met. [NY Times]
- MoMA will raze the former American Folk Art Museum building, designed by Tod Williams and Billie Tsien, to complete its midtown expansion. “It’s unusual and it’s tragic because it’s a notable work of 21st century architecture by noteworthy architects who haven’t done that much work in the city, and it’s a beautiful work with the look of a handcrafted facade.” [NY Times]
- Occupy Victory: New York City and Zucotti Park owner Brookfield Properties will pay $366,700 to Occupy Wall Street to cover damages and legal fees related to the destruction of the OWS People’s Library. [NY Mag]
Category Archives: Economy
Certainly the value of an arts education must be measured as more than the average earning potential of its graduates. Even so, the SNAAP report findings are inconsistent with data reported in the Kiplinger article, which states that there are higher unemployment rates for arts graduates. Why might this be?
The effects of the superstorm Sandy have been catastrophic and creative professionals– artists, writers, designers and musicians– are among those who have been particularly hard hit. Chelsea galleries have been flooded, and there are huge concentrations of artist studios in other devastated neighborhoods, including the East Village, the LES, Greenpoint, DUMBO, Redhook, Gowanus, Hoboken, Jersey City and Newark. Many are still without power and water. Continue reading
The Greater Philadelphia Cultural Alliance has released its report on Arts, Culture, and Economic Prosperity in Greater Philadelphia. Their study finds that the nonprofit arts and culture sector in the region annually generates $1.3 billion and 40,000 jobs.
“Yes…. But is it art?” Jeffrey Deitch will appear on CBS’ “60 Minutes” this Sunday two decades after Morley Safer’s controversial “Yes… But is it art?” segment to speak with Safer about the contemporary art market. [LA Times]
- The mayor’s office of Paris is unleashing roving mimes to battle rowdy nightlife. [ARTINFO]
- Sotheby’s can’t seem to reach a deal with its art handlers, but CEO William F. Ruprecht is doing just fine; in 2011, he earned $7 million, up 18% from 2010. [Bloomberg]