First-Ever Biennale Of Australian Art Has Collapsed Into Insolvency

“It seemed like a good idea at the time. Bringing hundreds of Australian artists together in [an inland, non-state-capital] city for a large arts festival could turbo-charge Ballarat’s creative industries, and bring thousands of tourists to the city.” The event did take place, ending in November, but many artists and vendors haven’t been paid, and the organizers owe creditors about ten times the assets on hand. – The Guardian