Art Collection
A Guide to Milan for Art Collectors
For lovers of art and design, it’s perhaps never been a more opportune time to visit Milan. As the trifecta of Design Week, Miart, and the nearby Venice Biennale converge in mid-April, the city’s enviable destinations for art, design, and dining are garnering an outsized spotlight. Yet, as any of the city’s gallerists will tell you, Milan’s myriad cultural gems can be witnessed year-round.
“Milan’s art and design scene has always been vibrant and dynamic, known for its mix of traditional craftsmanship and contemporary innovation,” said Nicolo Cardi, CEO of Milan stalwart Cardi Gallery. Many agree that this blend of old and new, plus its stronghold of various creative industries, is what sets it apart from cities like New York or Paris. “The city’s emphasis on craftsmanship, coupled with a strong focus on fashion and industrial design, creates a unique and dynamic artistic environment that resonates with visitors regardless of the season,” noted Antonio Borghese, director of the city’s ABC-ARTE.
Read more: https://www.artsy.net/article/artsy-editorial-guide-milan-art-collectors
The British Council is considering selling up to half of the 9000 works in its art collection in order to pay a debt of £197m. This is the remaining total from its £250m pandemic-era government loan. Without additional financial support, it is ‘in real danger of disappearing’ the institution’s CEO Scott McDonald told The Guardian. The council is also considering shutting its operations in 30 to 40 countries.
McDonald states that the British Council is committed to paying back the loan but insists that the government must help find a viable solution. ‘I would just like reasonable loan terms of something like 25 years and a lower interest rate’ he said. The Art Newspaper has estimated that the current commercial interest rate applied to the loan amounts to £14m annually.
Read More: https://artreview.com/british-council-considers-selling-art-collection-to-pay-197m-debt/
Hospital patients and visitors will be able to enjoy the stories behind artwork from across Dorset through a new app.
A new project celebrating 35 years of art at Dorset County Hospital will bring the art straight to art lovers with a collection of stories and sounds that can be listened to via a mobile phone.
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Art Collection
British Council could plug £200million debt crisis by selling art collection featuring masterpieces by Tracey Amin and David Hockney
The British Council may be forced to put its £200million art collection up for sale as a result of ‘financial peril’ which is threatening the institution.
The council is facing £197million in outstanding debt after taking out an emergency £250million loan from the government during the pandemic.
