A Museum Reborn In Toronto

The Art Gallery of Ontario is getting ready for its grand reopening following a major renovation and reinvention courtesy of architect Frank Gehry. “Even a quick walk-through preview makes it thrillingly clear that the AGO has scored a breakthrough, leaping into the front ranks of North American art museums.”

Hello, Sotheby’s? I’d Like To Borrow Against My Painting.

“One art-world business is booming: collectors looking to borrow against works they own, especially before the fall sales threaten to lower values. ‘We’ve been contacted by lots of people who are feeling some sort of margin call,’ says Sotheby’s CEO, Bill Ruprecht. Other lenders have virtually stopped lending against art recently, but Ruprecht says Sotheby’s is still ‘very comfortable’ doing so.”

Forecast: Less Splashy New Architecture

“The global financial meltdown is likely to have one unintended side effect, predicts David Chipperfield: Fewer attention-seeking buildings will go up. ‘It’s an architecture of excess, a consequence of there being too much money around,’ says the British architect. ‘At a time when people are worried about other things, those things become really irritating, and probably less relevant.'”