Art Collection
Interior Designers George Yabu and Glenn Pushelberg Take a Heartfelt Approach to Collecting Art
One afternoon last fall, while en route to their Tribeca office, George Yabu and Glenn Pushelberg stopped by the gallery 125 Newbury. The life partners were drawn by the gallery’s Peter Hujar exhibition “Echoes,” featuring images of queer life in New York City spanning from the Stonewall riots in the 1970s and through the AIDS crisis in the ’80s. At first unfamiliar with the artist, the two quickly became avid collectors and advocates of his work.
“That period is very interesting,” Yabu told Artsy from their home in Toronto. “I just want to emphasize that the New York life in the West—the piers and the gay [community], the pact with the local police that they don’t touch them if they’re having assignations on the piers—and it was very a dangerous time…it was a very unique time that was documented by the ‘Peters’ of the world.”
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.
