Art Collection
Fort Worth Gallery Love Texas Art to Close this Month
Love Texas Art, a gallery that opened in downtown Fort Worth last spring, has announced it is closing at the end of May. This follows the closure and relocation, respectively, of two other galleries — Dang Good Candy and Bale Creek Allen Gallery — which were located on Houston Street in Sundance Square, a 37-block area of downtown owned and operated by Ed and Sasha Bass.
Margery Gossett and Ariel Davis opened Love Texas Art in March 2022 as an extension of Artspace111, an established gallery located at the northeast edge of downtown Fort Worth. Mrs. Davis told Glasstire that the vision of the new space, which functioned as an extension of Artspace111, was to show works by Texas-based artists, most of whom were unrepresented by galleries. The space was meant to function as a gallery, a lounge, and a shop with artworks for sale at a range of prices. Being centered in a more frequented part of downtown, Love Texas Art saw a wider range of visitors, including young adults, families, and many people who do not frequent art galleries.
Read more: https://glasstire.com/2023/05/15/fort-worth-gallery-love-texas-art-to-close-this-month/
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.
