Of that, about $350 million will go to an endowment to meet operating needs, which are expected to run $16 to $20 million a year. $325 million will go to the general endowment and $125 million will go for future capital needs. All will be earning money for museum use.
Category: visual
Image Of Truth – Fake Photos Bedevil Editors
“The game of wits between Photoshopping pranksters and editors trying to establish a measure of visible truth for their readers is now a routine behind-the-scenes drama that plays out with every news story.”
Tokyo Street Artist Adds Power Plant Image To Hiroshima Mural
“An anonymous painter in Japan at the weekend added an image of the stricken Fukushima atomic plant to a public mural about the horrors of a nuclear explosion by the late abstract master Taro Okamoto.”
Political Reality, Art, Politics
“As centers of power in the art world emerge beyond its longtime traditional capitals, questions of how to evaluate and influence human-rights issues have become more complicated.”
Amsterdam’s New Canal Museum
“‘The history of the canals had never been told,’ said Piet van Winden, the head of the ‘Grachtenhuis’ private museum which has just opened to the public. ‘They are probably the best conceived urban extension project in the world,’ he said. ‘Here, we set the scene, we explain the how and why’.”
Anish Kapoor’s Installation At Monumenta Will Be – Giant Balloons?
“Kapoor intends to erect four giant PVC orbs that, when inflated, will fill the height, length and width of the 145,000-square-foot [Grand Palais in Paris]. The piece will be a major departure for the artist, who works almost exclusively with solid, predominantly metal, constructions.”
The Blessed Virgin Appears On A Surfboard (It’s Not A Miracle, It’s Street Art)
“The 10-foot-square, stained-glass mosaic showing Our Lady of Guadalupe riding a surfboard, with a portrayal of St. Juan Diego on the board’s nose, appeared mysteriously on a wall supporting a train bridge over Encinitas Boulevard, just two blocks from Moonlight Beach.”
Debate: Should Smithsonian Show Commercially-Excavated Treasure?
“It was a commercial transaction, which is a no, no. But this is one of the most important discoveries over the last 50 years. I don’t think we can miss the chance to tell this historic story. We can create a teachable moment.”
Documents Show Controversy About Tate Purchase 30 Years Ago
“More than 30 years after Andre’s 120 bricks provoked outrage, newly released documents show how bitter that debate became and how the embattled Tate fought its corner. They reveal how the gallery was shocked by the ridicule it was subjected to after buying what appeared to be ordinary bricks.”
Street Artists Do What They Do For LA Show. Police Upset About It
“Several artists featured in the exhibition have moved beyond the gallery confines and marked up walls and urban furniture in surrounding streets with their trusty spray-paint cans, and even posted videos online showing them tagging a wall in Hollywood. The police are accusing the gallery of glorifying vandalism, and forcing them to remove graffiti from the streets.”
