How the Fundamentals Of the Art World Are Changing

“The entire industry is forming and reforming by the day like some monstrously engorged digestive tract, in which public and commercial are mulched.What does all this mean for our museums, which are now in direct competition not just with collectors, but with private museums, commercial galleries and even auction houses when it comes to contemporary art?”

Wounded Picasso Goes Back On Show

Steve Wynn bought Picasso’s “Le Rêve.”. Then he accidentally put an elbow through it. “The puncture left a several-inch tear across Marie-Thérèse’s voluptuous left forearm.” Now it’s been repaired and will go on show this week. “No cynicism is needed to assume that one goal of the exhibition is to publicly demonstrate that repairs to “Le Rêve” have not had serious effect on its market value.”

Design Challenge: A Beautiful, Muscular Bike Rack

“There’s no single reason why bicycle commuting has gone into high gear, though spiraling gas prices, concern about greenhouse-gas emissions, and an appreciation of messenger cool are surely contributing to the crowded bike lanes.” But parking for bikes in Philadelphia has not kept pace, and existing racks are aesthetically and practically displeasing. “The time has come to build a better bike rack.”

Singapore, Where The Art Market Hasn’t Tanked

“Paintings and sculptures by emerging artists from Indonesia and other Southeast Asian countries have defied slowing auction demand for top Chinese and Western works as global financial markets tumble and the prospect of a U.S. recession increase. Sellers at three art events this weekend in Singapore — a fair and two auctions — are hoping that sentiment will hold.”

Cruddy Economy, Gas Prices Hurting Craft-Show Artists

“The craft show life. You might call it the artist’s rendition of a traveling salesman. It’s set-up on Thursday, pack-up on Sunday, with selling in between. Often, there are only a few days before the next show.” Humble as it may seem, it’s a multibillion-dollar industry. “Still, rising gas, motel, and other costs are cutting into profits, forcing some to leave the business….”