One Thing The Downturn Won’t Kill: The Art Fair

“[T]he fair phenomenon, which grew out of the need for dealers to compete with the ever-expanding range of the auction rooms, is now deeply entrenched as a concept for convenient one-stop shopping and has become a key source of income for dealers.” While “there may now be too many fairs, and some may fall by the wayside, those that adapt to the new economic reality can survive.”

In Museums’ Fight For Survival, How Far Is Too Far?

“[A]s the recession affects both public and private funding sources, the economic pains are being felt across the museum world — from the large institutions with sizable endowments and hefty ticket prices, to the small museums that scrape by on government funding. … This funding crisis has led to some soul-searching about how far a museum may go to stay open.”

Indeed, Sir, The Artist Was Not Jock McTitian

“A painting by Titian has sparked a political row after the Scottish Government confirmed it had pledged a ‘significant sum’ towards its purchase. It followed newspaper reports that the government was contributing £17.5m towards acquiring the work of art. … But Glasgow MP, Ian Davidson, questioned the logic of spending such large sums during an economic downturn.”