Economics

Economicscomment

US artists need a federal bailout now

Congress needs to protect this country’s creative workforce

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Here is a list of resources addressing the economic impact of coronavirus on the cultural sector

Organisations are offering medical emergency grants while other groups crowdsource data quantifying the impact of the health crisis on the cultural labour market

Affordability is the number one concern for artists in Los Angeles, report finds

A survey conducted by the non-profit Arts for LA warns that the city could lose its culture cache if it becomes too expensive for its creative class

Goethe-Institut Los Angeles examines architecture and design amid housing crisis

A symposium bringing together architects and scholars from around the world takes place as homelessness surges in the state of California

Seven arrested at protest during MoMA’s public opening

Demonstrators blocked the museum’s entrance and sat in the street as they demanded the removal of Steven Tananbaum — a financier whose company owns $2.5bn in Puerto Rican debt — from its board of trustees

Protesters call for removal of MoMA trustee linked to Puerto Rican debt crisis

As the museum opens an ambitious $450m expansion, activists are demanding that “vulture fund” investor Steven Tananbaum be taken off the board—but he is not the only trustee with financial interests in the island

The blue chip delusion: why investors should be wary of the brand name lure

Art is pitched as an asset class, but even big-name artists are not guaranteed to hold their value, let alone turn a profit

Experts fear California's gig economy law may hit culture workers

Independent curators and handlers could be affected but no major changes predicted in museum recruitment practices

Building on credit: why museums like Lacma use bonds to fund ambitious expansions

Being rated by a credit agency can help an institution secure support for costly construction projects—and avoid over-extending itself

Sizing up salaries in the visual arts world

A US survey compares compensation for employees by age, job type and education level

São Paulo's new millionaire governor João Doria proposes massive cuts to culture budget

Museums and cultural institutions in the Brazilian state prepare for closures and cancelled programmes

Trump wants to axe the NEA. Yes, again.

The administration points to private fundraising like crowdsourcing platform Kickstarter as a better way to support the arts

NEA, Smithsonian museums and National Gallery of Art to reopen

A temporary budget deal ended the US government shutdown on Friday, allowing state-funded arts organisations to get back to work

What comes after the bailout for Greece’s art world?

As the country’s economy moves towards recovery, we asked art figures to reflect on the crisis and look towards the future

Digital platform aims to help artists get fair pay

Wagency, launched by the group Working Artists and the Greater Economy, has similar goals and methods to a labour union

Art marketanalysis

Rolling with the punches: how the art market bounced back

In September 2008, Damien Hirst sold £111m of art as Lehman Brothers collapsed, triggering a financial crisis. A decade on, what has changed?

Is Greece's 'modern-day Odyssey' finally over?

The country's prime minister Alexis Tsipras officially announced the end of the economic bailout with a speech in Ithaca

Andrea Fraser aims to hold US museum boards to account

The artist has compiled an exhaustive analysis of the political affiliations of trustees

MoMA employees lead protest on eve of union negotiations

Around 250 staff members have been working without a contract since 20 May

Sotheby’s earnings take a hit as demanding consignors and guarantors squeeze its commission margin

Just two paintings significantly damaged the auction house's bottom line in the second quarter

US dealers move against Trump’s proposed 10% tariff on Chinese art and antiques

Public hearings on the government’s plans are due to be held in Washington, DC in August

Grants aim to find solutions to Bay Area artists’ housing crisis

Among the projects to receive $25,000 from the California College of Arts is an affordable live/work space for emerging artists and designers in Stockton

'Can the art market thrive in a sharing economy?'

Melanie Gerlis on how millennials don’t seem to have the same collecting gene as previous generations

Unionised MoMA staff protest low wages during Party in the Garden fundraising gala

Around 250 workers are fighting for better pay and benefits, as the museum gears up to open a $400m expansion

Letter to the Editor: Saudi Arabia will collaborate with the world, not only France, to make its cultural heritage accessible

Al-Ula, the most important cultural heritage site in the north-west of the kingdom, will benefit from international standards in heritage preservation and planning

UK art imports slump as Brexit looms

Falling pound may account for 21% drop in 2017, but exports to China have risen by 350%

NEA and other arts agencies given funding boost by Congress

After pushing to eliminate the agencies, US President Donald Trump reluctantly signed a spending bill that assures their survival for 2018