arts investment news dec 2011
Public and Private Funding
The Vancouver Sun, 30 Dec 2011
Kickstarter – A Leader in Funding 'Creative Independence' through Crowdsourcing. Technology Profiles, 29 Dec 2011
New York Amsterdam News, 29 Dec 2011
Deutsche Welle, 29 Dec 2011
The Independent, 29 Dec 2011
The Irish Times, 29 Dec 2011
The Malta Times, 29 Dec 2011
Art Info, 29 Dec 2011
Hong Kong News Watch, 29 Dec 2011
Azerbaijan Business Center, 29 Dec 2011
The €1.8bn allocated for culture comes at a time of worsening economic crisis across the Eurozone.
The Art Newspaper, 21 Dec 2011
Over the next 5 years, the money will go to the Royal Opera House, Tate Britain, the British Museum and the National Portrait Gallery, the company said.
Reuters UK, 19 Dec 2011
The National Endowment for the Arts and National Endowment for the Humanities each will see a 5.6% budget reduction in fiscal 2012.
Los Angeles Times, 19 Dec 2011
The “genius of women artists from around the world” will be the main focus of the United Nations-backed International Centre for Women Artists (ICWA), a museum and arts education project that will open in Jordan next year.
UN News Centre, 16 Dec 2011
Current President Ma Ying-jeou said the government has set up the Cultural Development Fund, a special fund to help the culture sector which is more flexible than the government budget.
Taiwan News, 15 Dec 2011
At Sotheby's, a business contract sold for "$1,594,500, with six bidders vying fiercely for it.
The ArtsJournal, 14 Dec 2011
National museums reluctantly set up trusts to help gain access to their own reserves.
The Art Newspaper, 14 Dec 2011
The UK Tate Galleries may not renew BP sponsorship deal after environmental protests. Director of group that covers four galleries around UK says decision is due on partnership deal with BP, expiring next year.
The Guardian, 13 Dec 2011
Next year’s budget allocation for the Irish Arts Council will fall by 3.2% to €63.1 million (£53.8 million) as the country seeks to curb public spending in response to continuing economic difficulties.
The Stage, 12 Dec 2011
A debate on the withdrawal of two poets from a prize shortlist last week in protest at its hedge fund sponsor.
The Guardian, 10 Dec 2011
Opened in March this year, the Niemeyer Center for the arts in Aviles, a dazzling museum that has hosted sold-out performances by Kevin Spacey and Woody Allen, is slated to close on Dec. 15, after barely nine months of operation, because of regional budget cuts.
NPR, 14 Dec 2011
Joining the ranks of major givers in Miami, developer Jorge Pérez has pledged to donate $35 million in cash and art from his personal collection to the new Miami Art Museum, which will bear his name when it opens in two years.
Miami Herald, 02 Dec 2011
Government-sponsored museums that have stopped charging since 2001 have seen combined visitor rates more than double in the past decade, figures show. Almost 18 million people visited the 13 attractions in 2010-11, compared with 7 million in 2000-01.
BBC, 01 Dec 2011
Heritage Minister James Moore told the Canadian Heritage committee Thursday that the arts are good for the economy, while pointing out that Canada is the only G8 country that actually increased funding for arts and culture during the recession. As an economic generator, arts and culture industries are worth $46 billion, and employ 4 per cent of Canadians.
CBC News, 01 Dec 2011
Creative Industries and Economic Impact
The Globe and Mail, 30 Dec 2011
Jamaica observer, 29 Dec 2011
Growth of China's creative industries sector draws overseas returnees. Channelnewsasia.com, 29 Dec 2011
USA Today, 29 Dec 2011
The Bangkok Post, 28 Dec 2011
The countries’ two Prime Ministers expressed their expectation that the strengthening of cooperation in creative industries, which range from design, apparel, fashion, food, house-hold goods, music, movies, animation and manga, and traditional craft, would further promote and deepen mutual understanding of the two countries. NetIndian.in, 28 Dec 2011
The New York Times, 28 Dec 2011
The Otis Report's 2010 economic study of Los Angeles and Orange County's arts and entertainment industries detail employment declines as well as some gains in average pay in some fields.
Los Angeles Times, 20 Dec 2011
In presenting the 2012 appropriation bill, the President to the National Assembly of Nigeria states that more attention will be given to the country’s creative industries in order to further develop the sectors known to be sources of growth and job creation.
This Day Live, Nigeria, 19 Dec 2011
The issue of e-book prices has sparked a global controversy as publishers lock horns with book retailers over how much consumers should pay.
CBC News, 16 Dec 2011
Facing economic gloom and competition from cheap e-readers, brick-and-mortar booksellers in the States were surprised to find that the initial weeks of Christmas shopping have yielded surprisingly strong sales for many bookstores.
The New York Times, 13 Dec 2011
More than one billion BBC radio programmes have been downloaded since the launch of the corporation's podcast service in 2007, it has been announced.
BBC, 12 Dec 2011
Administradores, Brazil, (in Portuguese) 12 Dec 2011
Marketers remain keen on buying commercial time during video programming despite the uncertain outlook for the economy. The New York Times, 08 Dec 2011
The long-awaited fund for the development of cultural and creative industries will be created next year, the secretary for Social Affairs and Culture told lawmakers on Friday during the second day of debate over his 2012 Policy Address.
Macau Daily Times, 05 Dec 2011
Increasingly, sophisticated filmmakers who once relied on American studios for backing are turning to a globe-straddling independent finance system for their most expensive projects.
The New York Times, 05 Dec 2011
India's art market is still in its infancy, with sales accounting for an estimated one percent of the global art market, which is valued at around $40 billion, but experts expect it to grow sharply.
AFP, 31 Dec 2011
2011 was a year of blockbuster art shows and rising Chinese power in the art world. Business Ghana, 31 Dec 2011
The Times of India, 30 Dec 2011
The Mei Moses’ All Art Index rose 10.2% in 2011, compared with a 16.6% increase in 2010.
Market Watch, 30 Dec 2011
The market in contemporary art surged by 35 per cent in this year's auctions as an influx of wealthy buyers sought refuge from financial turmoil.
New Zealand Herald, 30 Dec 2011
The Financial Times, 30 Dec 2011
The Australian, 29 Dec 2011
Hindustani Times, 29 Dec 2011
Huffington Post, 28 Dec 2011
Gallerist New York, 28 Dec 2011
Financial Times Deutschland, 28 Dec 2011
L'année du marché de l'art en France – Bilan 2011. (in French)
Art Price, 27 Dec 2011
Art by Damien Hirst and Andy Warhol outperformed the Standard & Poor’s 500 index over the past 10 years, according to a new measure by Artnet AG designed to rank the performance of art as an asset. Bloomberg, 21 Dec 2011
Along with the demand of high net worth individuals for a more balanced portfolio, there has been recent growth in the global art market.
Luxembourg for Finance, 20 Dec 2011
Investing in antique and rare maps can provide attractive returns.
CNBC, 20 Dec 2011
The overheated situation in the Chinese auction market has been improved and the market becomes reasonable and mature increasingly. Structural adjustment is on the way. Capital from various sources enters the market.
Chinese Economic Daily, 20 Dec 2011
Despite giddy Chinese art prices showing some strain from global economic uncertainty, collectors think values will continue to rise due to limited supply and continued strong demand as Asian collectors become more affluent.
Reuters (Hong Kong), 19 Dec 2011
The autumn auction season brought in 40 billion yuan, a drop of 6.6 percent from the spring season's 42.84 billion yuan. China Daily, 19 Dec 2011
Pakistan Today, 18 Dec 2011
Demand for high-end Chinese art booms as the growing number of millionaires seek alternative investments.
The Guardian, 18 Dec 2011
Wall Street Journal, 16 Dec 2011
Deloitte Luxembourg and art market research firm ArtTactic just released a major report looking at the early stages of an art and finance industry around the world, and conclude that the art market is going through a major transformation.
Business Insider, 15 Dec 2011
The Guardian (blog), 05 Dec 2011
Despite the flatlined economy, the art market has been roaring. In the first half of this year, total worldwide art sales hit a record of €4.3 billion ($5.8 billion), up 34 percent from 2010, according to the French Web site Artprice.com. The Daily Beast/Newsweek, 05 Dec 2011
The Art Newspaper 03 Dec 2011
Leading British collector Saatchi launches surprise attack saying buyers and dealers 'can't tell good artists from bad'.
The Guardian, 02 Dec 2011
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