money talks

Post image for Annie Leibovitz, Wu-Tang Clan, and the Aura of Expensive Art

Photographer Annie Leibovitz’s latest work of art is a book — a book that measures more than two feet high, runs to 476 pages, and comes with its own tripod, designed by Marc Newson.

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Post image for Here Are Some Arts Executives Who Made Over $1M in 2011

Earlier this year, speculation swirled around whether the Los Angeles Museum of Contemporary Art would be forced to merge with another institution to survive — the latest episode in an ongoing drama, five years and counting, borne out of the museum’s financially precarious situation. But it turns out that while curators were being fired, while trustees were alternately defecting and trying to figure out how to save the museum, Jeffrey Deitch, MOCA’s current and controversial director was making $916,000.

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Talk about art going big: the New York Times reported last night that the Whitney will mount an enormous Jeff Koons retrospective as its last hurrah in the Breuer building, before moving downtown in 2015. Probably out of necessity as much as for flair, the exhibition will take over the entire museum except for the fifth-floor permanent galleries — the first time the Whitney has given over that much space to one artist.

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WTF is ModernARTization at Davos?

by Michelle Vaughan on January 27, 2011

Post image for WTF is ModernARTization at Davos?

Davos, Switzerland — ModernARTization: Art and Philanthropy Changing Societies. Yes, it’s a mouthful, and I also don’t know what it means, and the presentation didn’t help. Organizer and philanthropist, Victor Pinchuk, hosted a gathering at the Morosani Schweizerhof Hotel in Davos, Switzerland to discuss how philanthropy can change and educate societies through art. I walked away with the impression that the rich were patting themselves on the back.

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