“Gates” Generate $250 Million For NYC

New York City offisicals say the Central Park “Gates” added $250 million of revenue into the city’s economy in the two weeks the project was up. “Hotel occupancy around the park jumped to 87 per cent during the two weeks, compared to 73 per cent the same time last February, and many stores, restaurants and other services in the area compared the crowds to those that gather during the holiday season.”

Kiev’s Battling Museums

One of the Ukraine’s richest men wants to build a museum of contemporay art. But the country’s new president wants to build a historical museum on the same site. “Whether the government’s actions are motivated by animus for the controversial Pinchuk, or whether this is simply an honest misunderstanding and conflict between opposing visions, the government should reverse tack and let the businessman build his museum. First of all, Kyiv needs a museum of forward-looking contemporary art more than it needs a historical-cultural museum that, valuable as it may be, will inevitably be backward-looking.”

Is Poluution Hurting Terra-Cotta Warriors?

American scientists are collaborating with Chinese counterparts to study the effects of pollution on the terra-cotta warriors in Xian. “Based on continuous observation of the pollution and studies onthe change and chemical reaction mechanism of corrosive gas, aerated solids and dust, researchers will work out an evaluation report on the mechanism of pollutants’ corrosion on the rare cultural relics.

Maastricht Art Fair (Old Masters R Us)

Time for the annual Maastricht European Fine Art Fair. Prices keep going up as the supply of Old Masters goes down. “Old masters have appreciated about 17 percent since October 2003 after a 30 percent drop in the previous five years, according to Art Market Research’s index of the 25 percent most expensive works sold at auction. The top-priced old master is owned by billionaire Ken Thomson, who paid 49.5 million pounds ($76 million at the time) for Peter Paul Rubens’s “Massacre of the Innocents” at a London auction in July 2002.”

Are The Nouveau Riche Ruining The Art Market?

Art has always been a popular preoccupation amongst Wall Street’s more successful high rollers, and a new generation of newly minted billionaires is making a significant mark on the collecting scene. In fact, some of the most aggressive specimens amongst the new breed of collectors are willing to pay almost any price for a piece they’ve set their sights on, and that is leading to accusations that such newcomers are creating an artificially inflated market for high-end art, and purchasing works more as trophies than anything else.

See It, Feel It, Touch It – Art For The Blind

Shouldn’t blind people have art too? “Sense & Sensuality, at the Royal College of Art, is the first in a planned annual art competition and exhibition open equally to sighted and unsighted artists and launched by the new charity BlindArt. The charity has ambitious plans for a permanent national collection of art which can be stroked and listened to as well as looked at, equally enjoyable to sighted and blind and indeed to anyone in a wheelchair or with a disability that can make visiting galleries a nightmare.”

UK Police Bust Major Art Theft Ring

UK police have busted an art theft ring responsible for millions of pounds of art thefts from homes and galleries in the past few years. Two men and a woman have been arrested and half a million pounds worth of stolen art recovered from the Flogg It auction house in east London and several other premises. But art worth some 30 million pounds taken in thefts over the past two years was still missing.”