Global contemporary art events and news observed from New York City. Suggestion? Email us.
NEWS

UK Government Invests $20 Million into Areas of Kent, Grimsby, Wakefield, Plymouth and Worcester ↠

January 18th, 2019

Yorkshire Sculpture Park, via GuardianThe UK Government is investing £20 million into cultural projects in the areas of Grimsby, Wakefield, Plymouth, Worcester and the Thames Estuary area of Kent. “This is an incredible opportunity that will not only help people build careers in the arts and culture locally but also boost wider investment and diversify the creative economy,” says Jeremy Wright, the culture secretary.
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Ed Fornieles Explores Investment and Share-trading in New Project ↠

January 18th, 2019

Ed Fornieles, via DazedArtist Ed Fornieles is embarking on a new project, selling a series of works that ensure collectors a stake in future profits from the artist’s work. “It’s another way of sourcing capital for production and then rewarding that upfront cash with a percentage of the profits,” the artist says. “If you look at the current models which exist, they rely on very small groups of collectors and it’s prone to risk. As soon as the chain of sales is broken, it leaves both the artist and the gallery exposed. So this is a way of using larger networks of support to diffuse that risk for both parties.”
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MOCA to Close Pacific Design Center Location ↠

January 18th, 2019

MoCA PCD, via LA TimesMOCA LA is closing its exhibition space at the Pacific Design Center, the LA Times reports. “We are proud of MOCA’s record of achievement at the PDC,” says board Chairwoman Maria Seferian. “We are grateful for our partnership with the PDC and [owner] Charles Cohen and now look forward to consolidating and growing our exhibition activities, including presentations on architecture and design, at MOCA’s two downtown Los Angeles locations.”


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REFERENCE LIBRARY

Nicolai Frahm

Collector’s Birthdate: b. 1975

Frahm, born to Danish entrepreneur Flemming Frahm, began collecting art through his family’s foundation in Copenhagen. He has since moved to London, where he has taken on a roster of high profile clients and aided such well known collectors as Frank Cohen.

He is equally known as an aggressive art speculator, making ARTNew’s 2006 list among the 6 best contemporary art advisors in the world. The same year, L.A.’s The Gallery at the Hospital hosted an exhibition of young local artists, using pieces from his private collection exclusively. Often, he has been likened to as a “young Charles Saatchi.”