Finance and art go hand in hand - March 27, 2008

DUBAI's $80m art market is predicted to rival London and New York in five to 10 years. It has witnessed a major expansion of corporate art collections in the past year...                        By Safura Rahimi                                                                   Read more ....

http://www.business24-7.ae/cs/article_show_mainh1_story.aspx?HeadlineID=4563

Gatekeepers to the Art World - March 30, 2008

NEW YORK - The life and role of a 'gallerina' - gallery front desk ladies... Although often underpaid, this position is a highly sought after ...highly driven, ambitious and very overqualified ... Where they can end up ... as dealers, curators ... advisers to corporate and private collectors ... many are watching to see what impact the sliding economy will have on the art market ... director at Cheim & Read in Chelsea, noted that if real estate slows noticeably, the art market ... six months later .... High-end collectors, she said, "don't get affected as quickly."
By JAN HOFFMAN                                                                               Read more ...

http://www.nytimes.com/2008/03/30/fashion/30gallerinas.html?ref=style

Visual art: WhoseSpace? - March 29^th, 2008

UK- Glasgow International (11 -27^th April) ... kick-starting a debate about public and private support within the art world ... At the same time, private galleries give artists a means of selling their work, of tapping into the international world of contemporary art collectors, without leaving Glasgow ... artist-run galleries ... Mary Mary started off by mounting exhibitions in their homes ... well-loved Glasgow tradition is to use the whole city as the backdrop for a work of art ... GI festival ... people like exploring the city ....

By SUSAN MANSFIELD                                                                               Read more ...
http://thescotsman.scotsman.com/features/Visual-art-WhoseSpace.3927007.jp

Arizona Museum for Youth hires Education Curator- March 28, 2008
US: ARIZONA - Previously Microsoft's ... Laura Matzer  ... hails from Seattle ... past five years ... Art Collection Curator and Program Manager for the Microsoft Art Collection ... women in leadership roles in the arts ...                                      Read more ...

http://www.evliving.com/cities_news.php?action=fullnews&id=9368

Art News - Artnet
US: DENVER PLANS "BIENNIAL OF THE AMERICAS" - March 28^th, 2008

... mayor John Hickenlooper ...Scheduled for the summer of 2010, the $6-million project is designed to celebrate contemporary art ... $2 million grant for the project, and additional funding ... repeated every two years ... a major Denver tourist attraction ...                                                                                 

 HUG TO ART COLOGNE

The struggling Art Cologne ... revamp, new director 39-year-old art dealer Daniel Hug, "Hoog," ... has run a namesake gallery in L.A.'s Chinatown ... the German art center, Apr. 16-20, 2008 ...

 FOTOFEST2008 IN HOUSTON

2008 Armory Show short on photographs? ... because of Houston's "Fotofest2008"? Mar. 7-Apr. 20, 2008 ... Nan Goldin  ...                                        Read more ....

 http://www.artnet.com

 Helping the arts help themselves

 US - SEATTLE ... Artsfund ...entertainment and cultural enrichment, a vibrant arts scene fosters more than $1 billion of economic activity ... recent study found more than 28,000 full- and part-time jobs generated by the arts, with payrolls of more than $465 million ... attracts the best and brightest to settle and work here ... Corporate and private donors power these grants ...                                                                                        Read more ...
http://seattletimes.nwsource.com/html/editorialsopinion/2004313725_artsed29.html

At Civil War military post, stage is set for a new battle - March 30, 2008

 US: SAN FRANCISCO ... Gap headquarters, Don Fisher, the company's billionaire founder ... Calders, Diebenkorns, Rauschenbergs, Twomblys and a succession of Mick Jaggers by Andy Warhol ... long for a permanent place to put it all ... has found the perfect spot: the historic heart of the Presidio, a national park and National Historic Landmark district .. plan to build a 100,000-square-foot modern complex of glass ...By PATRICIA LEIGH BROWN                                                                                      Read more ...
http://www.heraldtribune.com/article/20080330/NEWS/803300320/-1/newssitemap

 
Is the art market heading for a fall?

UK - As contemporary art fetches record prices, artists, dealers and auction houses ... fight to control the booming £20 billion business ...  recession clouds gathering, is the market heading for a nasty fall? ... Simon de Pury ... Damien Hirst ... £1.76m a success? True, it barely cleared the low estimate ...  an auction record ... perhaps the biggest legal economy in the world to be almost totally unregulated ...

http://entertainment.timesonline.co.uk/tol/arts_and_entertainment/visual_arts/article3620880.ece

Indian art continued to present a pretty picture

INDIA- ... robust economy, and increasing demand for contemporary Indian art ... auction house Saffronart had reasons to rejoice ...  four online auctions during 2007 (March 7-8, June 6-7, September 5-6, and December 5-6) cumulatively sold 394 lots and realised sales close to Rs 100 crores ... Tyeb Mehta was still a leader ... just one indicator about the trend of Indian art in the art market ... valued between Rs 1000 and Rs 1400 crore ... less than one per cent of size of world market ... skeptics questioned the validity of auction results as the sole barometer of art market success ... Read more ...
http://www.deccanherald.com/Content/Mar302008/sundayherald2008032960080.asp

 The art of stealing art

US- Art theft ... fourth largest crime worldwide ... serious concerns about crime and security in the art world ... recent theft ... $163 million ... annual loss on art theft is as high as $6 billion on an average per year ...  30,000 works of stolen art ... marginal rate of recovery ... low-risk and high reward motivations ... facilitate recovery, Art Loss Register ... and Association for Research into Crimes against Art (ARCA).
http://www.deccanherald.com/Content/Mar302008/finearts2008032960092.asp

 ASIA WEEK TOTALS FOR SPRING 2008 - Mar. 26, 2008

US- NY: The global nature of the art market ... that art prices might weather the U.S. economic recession ... the shining results of Asian art sales in New York at both Christie's and Sotheby's during the first week of spring ... Christie's ... $80,068,489 the highest ever ... contemporary art saw good results as well ... Macqool Fida Husain's Battle of Ganga and Jamuna: Mahabhartata 12 (1972) went for $1,609,000, a new record for any contemporary Indian painting...                                   
http://www.artnet.com/magazineus/news/artmarketwatch/artmarketwatch3-26-08.asp

 COLOGNE-  ... thorough upgrading of exhibitor quality, a select group of 140 galleries ... modernism to contemporary art from 16th to 20th April at ART COLOGNE 2008 ..  independent jury ... Young Artist Prize ... total value of approx. 10,000 Euro.
http://www.artdaily.com/index.asp?int_sec=2&int_new=23717

 Alternatives: value for Monet? - March 27 2008
UK- From Hugh Grant's £9m profit late last year to private banks warnings ... not enough accurate data on returns and no established price index against which to measure investment returns ... to Hedge fund investment ... and Dresdner banks research of art market collapse ...
http://www.ft.com/cms/s/2/00af1be4-f4ff-11dc-a21b-000077b07658.html