Art Collection
How a Dubai man built a $200,000 art collection in his Business Bay home
Yves Hage’s two-bedroom apartment in Business Bay feels like a contemporary art gallery that a Lebanese pharmaceutical professional happens to live in.
Paintings hang across the space with thoughtful curation. Works too large to hang instead lean against the floor-to-ceiling windows. The storage room, meanwhile, is filled to the brim with crates that the paintings were shipped in. Hage even chose the apartment with his art collection in mind. The windowed walls look towards Burj Khalifa and taper at the end of the living room, providing ample natural light for the artworks.
Hage’s collection spans contemporary works by Arab and global artists. “I began collecting 10 years ago,” Hage, who has been living in Dubai since 2013, says. “I started to buy some Middle Eastern art when I was in Beirut. I then moved to global art. I still shift between both.”
Read more: https://www.thenationalnews.com/arts-culture/2024/04/01/ives-hage-dubai-home-art-collection/
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.
