Magazine article Art Monthly

Less Money for Art

Magazine article Art Monthly

Less Money for Art

Article excerpt

Jan Debbaut's worries about the amount of money available for acquisitions and the difficulty he faced in getting funding for Ofili's The Upper Room echoes changes that are happening across the board of the art gallery and museum sector. Museums are becoming more and more dependent on funding from the marketplace or private collectors pursuing their own agendas (the recent Richard Prince acquisition by New York's Guggenheim Museum is a case in point, see Salerooms pp42-43). As a new report makes clear, though art has never been more popular, and though private funding in Britain for the arts sector as a whole is at an all time high, private funding for the visual arts has fallen by a staggering 20% from 67m [pounds sterling] in 2003/04 to 54m [pounds sterling] for the last tax year 2004/05. All the other art forms--such as music, heritage, craft and theatre/ drama--have all achieved the greatest increases in private investment. …

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