Funding

Thermal spa developer buys Frida Escobedo's Serpentine Pavilion 2018

Structure will be re-installed as part of Therme Group's art and architecture initiative

Conflict-of-interest scandal at publicly funded UK arts centre Firstsite

Chairman and trustee resigned amid investigation into more than £90,000 spent on consultancy firm they directed

Will museums stop accepting Sackler money in wake of Massachusetts lawsuit?

Eight members of the family are being sued for helping to fuel the opioid epidemic through their pharmaceutical company

Emmanuel Macron orders radical review of France’s art residencies

The French President has commissioned a report identifying the strengths and weaknesses of the current programmes

Fundinganalysis

Lauded, but not loaded: being shortlisted for a major prize does not solve a museum's money worries

Being part of the Museum of the Year brings kudos and a big PR boost, but some finalists have still found the financial going tough

In association withArt Fund (2018)

German culture budget grows to €1.8bn

Newly-funded projects include abandoned department store that was the set for The Grand Budapest Hotel film

World Monuments Fund gives $1m for post-quake restoration of Mexican archaeological site

Monte Albán, the ancient capital of the Zapotec people, was damaged by earthquakes in 2017

Eight World Monuments Fund watchlist sites get $1m in grants from American Express

In many cases, the funding will be used to help prevent future damage, including public outreach and scientific research

Leaderscomment

Sydney’s flagship museum is entirely focused on building a costly extension. Why?

Unless the Art Gallery of New South Wales begins to focus more on exhibitions, there is every reason to believe that Sydney Modern will be a gigantic and costly flop

Kunsthalle Mannheim unveils €68m extension backed by German billionaire

Foundation of Hans-Werner Hector, one of the country's richest people, contributed €50m to the revamp

UK museums suffer as Heritage Lottery grants plummet

Building projects are major casualties as emphasis shifts to supporting smaller, local initiatives

Russian billionaire’s Peri Foundation will keep paying for culture after arrest

It is business as usual, says the organisation’s director, as its founder, Ziyavudin Magomedov, remains in custody awaiting trial on racketeering charges

Bridging the divide: Terra Foundation and Art Bridges fund collaborative programming between major art institutions and regional venues

The MFA, Boston and the Detroit Institute of Arts are the first institutions awarded grants in a $15m pilot programme

Is the EGO Act a lot of hot air?

A new law bans government-funded oil portraits of officials, but most paintings have been paid for privately for years

The National Gallery’s issue of trust

I only found out by accident how well off the museum really is

Leaderscomment

The mirage of riches in museums’ vaults

Putting aside museum ethics, Martin Gammon looks at the financial viability of museums deaccessioning their collection as a quick fix for financial trouble

Creative Scotland chief apologises for funding backlash—though questions remain

Arts funder grilled by Scottish parliament over controversial cuts in £99m grants programme

Towner Art Gallery on England's south coast at risk as local council confirms funding cut

Critics of the move include the Art Fund and the broadcaster and Towner chairman David Dimbleby

New Art Fund report reveals 'shocking' state of UK museums funding

Price of Leonardo’s Salvador Mundi, which sold for £333m, represents over half of government’s total financial backing for museums last year

Trump wants to axe NEA and other culture agencies—again

The president’s 2019 budget includes a similar proposal to last year’s failed plan to defund America’s arts bodies

The Getty, the world’s richest museum, hunts for wealthy patrons

Some are concerned that new fundraising drive will lure donors from other Los Angeles institutions

Artists back Nan Goldin’s call to hold Sackler family to account over US opioid crisis

"Maybe the Sacklers don’t care, but we should give them the chance to discuss solutions, and if they rebuff, then f*** them"—Jeremy Deller

Cuban artists crowdfund to create a ‘Havana Biennial for everyone’

Organisers vow to run their own exhibition after government postpones official event

Prizesnews

Knight Foundation awards $2.5m in grants to realise 43 Miami art projects

Funding will help bring the Creative Time Summit to South Florida, back a show on the Cuban artist José Antonio Aponte, and finance a “wine club for art” subscription collecting service

Business as usual for museums funded by Sackler opioid money?

Beneficiaries of the family’s largesse deflect or ignore questions about the donors’ role in the drugs epidemic sweeping the US

Top Australian donors pull funding from Venice Biennale

Funders are furious about plans to exclude them from selecting the artist to represent the country

Agnes Gund’s Art for Justice Fund awards $22m in grants to activist groups and social programmes

As well as backing arts-focused initiatives, the money will help support organisations working to change government policy