Christie’s Goes To Red Hook

The auction house has signed a 30-year lease on a Brooklyn warehouse that currently houses “piles of dust and detritus as it looms over the weeds and gritty businesses of Imlay Street. But come January, Christie’s executives say, the building will boast infrared video cameras, biometric readers and motion-activated monitors, as well as smoke-, heat- and water-detection systems. Inside, the warehouse will hold the likes of van Gogh, Monet, Picasso and Brancusi, with each collection potentially worth more than the building itself.”

$27B Can Buy A Cultural District, But Can It Buy Culture?

“Abu Dhabi’s leaders have recruited the most celebrated architects in the world to build [its] museums – and to provide kudos that an oil outpost in a notoriously unstable region could not otherwise obtain. … But who will visit the museums once they open? Abu Dhabi may be a city with almost 200 international communities in its midst, but culture has been something of an afterthought.”

Will Corporate Art Collections Find New Favor In Museums?

“Traditionally museums have been loath to allow the sponsors of an exhibition a significant role in curatorial decision making — particularly when the sponsor is a corporation, given the potential taint of commercialization and artistic compromise. And most major museums still draw the line there. Given the economic downturn, which has forced the cancellation, postponement or prolonging of exhibitions across the country, more small and midsize art institutions may be increasingly open to ready-made shows.”