Feb 26, 2021 | Art, News & Trending
For a long time, as long as art has been an investment commodity, it has been used to launder money among the wealthy. A seller determines a price, has it appraised for that price by a friendly professional, and then sells it among his inner circle, often via a shell...
Feb 25, 2021 | Art, Auctions
Even the illustrious, ivory tower world of private art sales took a hard hit from 2020. And maybe it’s a little of a relief to see that even the unimaginably wealthy have felt the need to tighten their belts this year too. The most expensive piece of art to sell...
Feb 24, 2021 | Art, Museums, New York
The wealth of any museum is almost always hung on its walls. The collection of the Metropolitan Museum of Art in New York City, for instance, is estimated to be worth somewhere between $100 and $400 billion dollars. (A very rough estimate – no museum would ever...
Feb 17, 2021 | Film, News & Trending
Black artists are missing from our art museums, our galleries, our exhibitions. In the major art museum’s collections in the United States, according to filmmaker Sam Pollard, 85 percent of artists are white. Only a tiny fraction of that, 1.2 percent of artists,...
Feb 17, 2021 | Art, Culture, Donations, Museums, News & Trending, Organizations
According to a 2020 report on the Creative Economy in California, one out of every seven jobs in Los Angeles is in a creative field, be that art, music, studio production, theater, or anything related. Those jobs generate an estimated $203 billion annually in LA...
