Art Collection
BOOK LAUNCH: MAGNUS RESCH’S ‘HOW TO COLLECT ART’
Phaidon to release How to Collect Art, the definitive guide to the art market and collecting in the twenty-first century from Magnus Resch, the world’s leading art-market economist and best-selling author.
Relevant for those new to the art market and seasoned collectors alike, How to Collect Art outlines indispensable insight into key aspects of contemporary art collecting. From working with galleries and art advisors to attending art fairs and auctions, the book demystifies the art market and how to navigate it. An art-world insider, Resch features guidance from many of the most experienced experts in the field, including Andy Warhol collector David Mugrabi, art advisor Amy Cappellazzo, gallerist Jeffrey Deitch, and the CEO of Christie’s, Guillaume Cerutti. The book’s introduction, written by art collector Pamela J. Joyner, reflects on the process of art collecting, how to practice responsible buying, and the importance of advancing diversity within art collections — both personal and institutional.
Read more: https://fadmagazine.com/2024/01/05/book-launch-magnus-reschs-how-to-collect-art/
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.
