A SUMMARY OF THE MOST EXCITING ART NEWS FROM AROUND THE GLOBE
While we focus on Indian art, we can’t obviously function in a vacuum. It’s a small world and everything is connected, especially on the web. So, let’s train our spotlight across the world map to see what’s going on — from art trends to socio-political issues to everything that affects the great aesthetic global consciousness. Or, let’s just travel the world and have some fun!
The art sector of US made up more than $1 trillion of the economy in 2021
The arts and cultural sectors made up more than $1 trillion of the US economy in 2021 and claimed a record share of the country’s economic value as the arts grew more rapidly than the wider economy, according to new figures from the US government. The National Endowment for the Arts (NEA) and the Bureau of Economic Analysis (BEA) released their data and analysis of the economic wellbeing of the US arts and cultural sectors for the year 2021 this week, as well as the impact that these sectors had on the country’s overall gross domestic product (GDP). By the end of 2021, the arts and cultural sectors made up 4.4% of the nation’s GDP with an all-time high of just over $1 trillion, and between 2020 and 2021 the economic value of the arts grew by 13.7%, a disproportionately large increase when compared to the wider economy, which grew by 5.9% in the same time span. Details on The Art Newspaper.
Investigation links Indian antiquities in the Met to art trafficker Subhash Kapoor
At least 77 antiquities from South Asia in the collection of the Metropolitan Museum of Art have been linked to the convicted art trafficker Subhash Kapoor, according to a joint investigation published Wednesday by the Indian Express, the International Consortium of Investigative Journalists, and the UK-based nonprofit Finance Uncovered. Investigators reviewed the museum’s antiquities catalog and found that the provenance — details of the object’s place of origin and history of ownership — of items in question is listed as acquired from or “donated” by Kapoor or his associates, the late antiquities expert Doris Weiner and her daughter, art dealer Nancy Weiner. Details on The Indian Express.
‘Museum-quality’ by Bill Woodrow pulled from Saatchi & Saatchi collection sale
A group of eight sculptures by British artist Bill Woodrow have been withdrawn from a sale held at London auction house Rosberys earlier this week after their conservatively estimated prices caused parties involved in the artist market to intervene. The works were among 40 offered works from the collection of the British advertising and communications company Saatchi & Saatchi. Once the world’s largest advertising agency, Saatchi & Saatchi was co-founded by influential Iraqi-British collector Charles Saatchi and his brother Maurice. The brothers were ousted from the company in 1995, but much of his collection, including works offered at Roseberys, was acquired during Charles’ tenure, and around the same time he was rapidly buying and exhibiting works by British artists, including those who associated with were the Young British Artists (YBAs) and the New British Sculpture movements. Details on UK Daily News.