At Fall Auctions, Things Aren’t Looking Any Better

“French billionaire Francois Pinault attended his company Christie’s International’s New York auction of impressionist and modern art last night, and watched from a sky box as almost half the lots failed to sell. Buyers passed on 44 percent of the 82 pieces offered. Sales tallied $146.7 million, against the low estimate of $240.7 million. It’s the week’s third evening auction that missed estimates and a sign the global financial crisis continues to undermine demand for the most-expensive art.”

$2M Grant Funds Regional-NY Network For New Musicals

“The Andrew W. Mellon Foundation will dole out $2 million to Off Broadway’s Playwrights Horizons, with the money earmarked for the development of new tuners.
Grant will fund the commissioning of at least four new tuners and the full production of three or four works, each staged both at Playwrights and at a regional partner. Seven-year program aims to create a network of nonprofit regionals to develop and produce legit musicals.”

Fringe Theatre Has Lost Its Bite

“The fringe grew up to provide space for new and experimental forms of work; theatre that could not be staged under the nose of the Lord Chamberlain; theatre that challenged the status quo; theatre that asked unpalatable questions of society; theatre that made aesthetic choices that outraged audiences – disquieting theatre; disruptive theatre.” Today, “the fringe now often seems to be less forward-looking in terms of staging and material than the Lyttleton or the Gielgud.”

Election Results Won’t Put Dissident Writers Out Of A Job

Lawrence Ferlinghetti on the election: “It has been a long idealist dream that someday society life on earth would evolve in such a way that dissident writers and intellectuals would no longer have to be dissident. There are similarities between Obama and John Fitzgerald Kennedy, but they do not point to any real political or social revolution.”