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PAPER WORKS. As stories run about the so called Pandora Papers—11.9 million files on the financial arrangements of the ultra-rich, disclosed to the International Consortium of Investigative Journalists– the works of art make (unsurprisingly) a few guest appearances. The Washington post, who participated in the investigation, said documents show the late dealer Douglas latchford and his family set up “trusts in tax havens shortly after US investigators began to link him to looted Cambodian artifacts.” Latchford passed away last year and his daughter donated his collection to the country. Elsewhere, the ICIJ reports that the Sri Lankan ‘power couple’ Thirukumar Nadesan and Nirupama Rajapaksa used foreign shell companies to acquire works of art and real estate. They said all of their “private matters” had been handled “properly with their advisers”. As the Guardian writes: “Creating or benefiting from offshore entities is not in itself illegal, and in some cases people may have legitimate reasons, such as security, for doing so. Here are links to reports from the ICIJ, the To post, and the Guardian.
MONEY ISSUES. Aiming to support American cultural institutions in the midst of the pandemic, the National Foundation for the Humanities announced that it has distributed $ 87.8 million to more than 300 organizations, the New York Times reports. Among the recipients is the Metropolitan Museum of Art, which secured approximately $ 469,000 to expand “access to materials by historically under-represented artists” in its library collections and to maintain nine jobs. (The NEH website has details of all projects and beneficiaries, including the New Orleans Museum of Art and the Toledo art museum Ohio.) Meanwhile, legislation for a $ 300 million arts worker employment subsidy program was introduced to Congress, by Art Forum. The Creative Economy Revitalization Act was informed by the Project management of the Great Depression and would fund programs to create works of art that are easily visible to the public.
Officials of Venice use cell phone data to track crowds and plan to put up barriers at some entrance locations next summer. Short-term visitors (including friends of the Venetians) will need to book in advance and pay to enter – and may be off limits on particularly busy days. [The New York Times]
The National Museum of Modern Art of Slovenia, Modern gallery, was damaged by flooding in the capital Ljubljana last week. A show of Picasso Graphic works were taken to a safe place by the museum, which estimated the damage would amount to hundreds of thousands of euros. [The Art Newspaper]
ARTnews Top 200 collectors J. Tomilson Hill was appointed president of the Guggenheim museum in New York, and writer Claudia rankine became a trustee; she is the second black woman to hold this position at the museum. Hill, profiled by ARTnews in 2018, succeeds William L. Mack. [The New York Times]
A 1982 Andy warhol portrait of Jean-Michel Basquiat will hit the block at Christie’s in New York in November with an estimate of over $ 20 million. The play presents Warhol’s “oxidation” technique: urine splashed on copper paint to abstract. The seller is ARTnews Top 200 collectors Pierre Brant. [ARTnews]
After 1,300 hours of conservation work over four years, a late 1400s tapestry is once again on display at Montacute House in Somerset, England. The play was commissioned by a noble friend of King Louis XI of France, and its whereabouts between 1482 and 1910 remain unknown. [The Guardian]
An article for the heads of furniture: couple of artists Chris johanson and Johanna jackson spoke to T on their collaborative design work, and Marc Newson talked with the FT about his new Quobus storage system, explaining: “Each cabin becomes a kind of dedicated environment. Each is almost a small sanctuary. [T: The New York Times Style Magazine and Financial Times]
THE TRUTH OF THE GOSPEL. The craft store that beats the Bible Lobby has made headlines in recent years, returning thousands of items he has purchased for his Bible museum in Washington, DC, as they may have been stolen. In Slate, Erin L. Thompson, art crime professor at John Jay College in New York, provides an overview of developments and supports that the company and the Green the family that owns it has not been the victim of “unscrupulous dealers”, as they have argued. Green writes, “Returning 99% of your antique purchases because they were probably looted makes it look like you did some criminal folly instead of just a shopping spree, right? ” [Slate]