Archive for the ‘art gallery lending’ Category
In Smithsonian news, LA and DC have made a respectable exchange in museum professionals. Today, it was announced that Anne Ellegood, Curator of Contemporary Art at the Hirshhorn will be leaving us for LA, but in return we got a new Director of the Hirshhorn, Richard Koshalek.
In Corcoran news, my favorite fundraiser is coming up in March – Artini. Since most of us in DC are still riding on the Obama stimulus plan (aka December, January and February, the inauguration months), why not continue to celebrate and also enjoy Maya Lin: Systemic Landscapes which opens March 14.
In DC gallery news, we’re all still here and everyone is doing fine. We have the fascinating Lesser Madonnnas exhibition opening tonight of new work by Corcoran School of Art + Design graduate Melissa Ichiuji. As a dealer and collector of her work, I highly advise a visit. And for my street art audience, expect a treat in June at Irvine…
In Manifest Hope news, where do I begin? Some important points: All the merchandise from the exhibition can be bought on this website. We raised over $20,000 for the Duke Ellington School of Arts. Arnold Schwaznegger is stunning. This link just sums up the experience.
In addition to my first commentary on Charlie Finch’s article Liquid Skies, another point I found interesting was his reference to the use of an art inventory’s value as collateral for a gallery. This practice is in fact new and is due to a new generation of lenders who don’t understand how to evaluate levels of risk and can be directly related to the shaky subprime market I spoke in an earlier post. As for the galleries who engage in this borrowing activity, it’s foolish unless they are sure they can repay the loan.