Displaying items by tag: partnership

Frieze London and the Contemporary Art Society (CAS) have teamed up on a new acquisition fund to support museums across the United Kingdom, which will help offset the shrinking local authority investment in arts and culture facilities, and highlight the fantastic work of regional museums. The Collections Fund at Frieze, an amount which currently stands at £50,000, was awarded to Middlesbrough Institute of Modern Art after a competitive application process open to CAS's 70 Museum Members across the UK.

It’s the beginning of a long-term relationship Los Angeles County Museum of Art and Hyundai. The Southern California institution and the Korean automaker announced a 10-year partnership today which is part of the larger Hyundai Project. The move marks LACMA’s longest commitment to a corporate sponsor and will enable myriad projects in the areas of art and technology and Korean art scholarship, specifically through acquisitions, exhibitions and publications until 2024.

“Art is a creative expression of human values that transcends age, gender, race and culture,” said Hyundai Motor Company Vice Chairman Euisun Chung in a release.

The Royal Armouries branch at the Frazier History Museum, in Louisville, Kentucky, which opened in 2004, has failed to raise any money from US donors, we can reveal. Ten years ago, Britain’s national museum of arms and armour loaned 250 objects to the new US museum. Edward Impey, the director-general of the Armouries, says that as far he knows, the Frazier loans “did not raise a penny”. The objects will return to the UK when the partnership ends, by mutual consent, in January 2015.

Until recently, the Armouries’ website described the Frazier as one of its four “branches”, along with the Tower of London, its main museum in Leeds, Yorkshire, and Fort Nelson in Portsmouth, in the south of England.

In accordance with a 10-year partnership with the city of Arras and the Nord Pas de Calais region, the Château of Versailles is to loan some of its artwork and artifacts to the Musée des Beaux-Arts in Arras, Art Daily has reported.

Initiated by the regional council, the partnership aims to disperse Versailles’ vast cultural heritage for public display in other parts of France.

Convinced that consumers are finally ready to shop online for Picassos and choice Persian rugs in addition to car parts and Pez dispensers, Sotheby’s, the blue-chip auction house, and eBay, the Internet shopping giant, plan to announce Monday that they have formed a partnership to stream Sotheby’s sales worldwide.

Starting this fall, most of Sotheby’s New York auctions will be broadcast live on a new section of eBay’s website. Eventually the auction house expects to extend the partnership, adding online-only sales and streamed auctions taking place anywhere from Hong Kong to Paris to London. The pairing would upend the rarefied world of art and antiques, giving eBay’s 145 million customers instant bidding access to a vast array of what Sotheby’s sells, from fine wines to watercolors by Cézanne.

The Board of Trustees of the Corcoran Gallery of Art in Washington, D.C. announced an upcoming partnership with the National Gallery of Art. The three-year agreement allows the Corcoran to exhibit works of modern and contemporary art from the National Gallery’s collection while the museum’s East Building is under renovation. The Corcoran is working on trimming expenses and has been battling rumors that it will sell its landmark Beaux Arts building due to financial troubles. During the Board’s announcement, officials scrapped any speculation by confirming that the Corcoran will not be moving.

The Corcoran has collaborated with the National Gallery in the past but their new partnership is the most expansive to date. Earl A. Powell III, Director of the National Gallery of Art, said, “We are very pleased to be able to share works from the nation’s collection of modern art with visitors to the Corcoran while our East Building is closed for renovations. We have a history of lending works to the Corcoran, but the larger number of works addressed by this agreement and the increased length of their exhibition at the Corcoran makes this a new development in our long relationship.”

The National Gallery of Art is expected to close for renovations beginning next year.

The Los Angeles Museum of Contemporary Art (MOCA) is ramping up endowment efforts after a wave of financial and administrative troubles left the institution’s future murky. Museum officials announced on Tuesday, March 26, 2013 that the amount of promised donations would raise MOCA’s endowment to $60 million, the highest in the institution’s 34-year history.        

Jeffrey Soros, the president of MOCA’s board, and trustee Eugenio Lopez, a prominent art collector, are helming the new fundraising campaign known as MOCA Independence. The goal of the campaign is to raise $100 million, which will allow the museum to continue operating as an independent institution devoted to contemporary art.  

MOCA’s troubles began in 2008 when overspending and dwindling investments left the museum with an endowment of a few million dollars. Eli Broad, a billionaire art collector and one of MOCA’s founding board members, gave the museum a second chance when he donated $15 million to the institution; Broad also pledged $15 million to match outsider contributions. While Broad’s generosity helped keep the museum afloat, MOCA struggled to find donors that would match his pledge.

MOCA’s troubles prompted partnership offers from the Los Angeles County Museum of Art and the National Gallery of Art in Washington, D.C. The museum declined both offers in favor of maintaining its independence.

After partnership offers from the Los Angeles County Museum of Art (LACMA) and the National Gallery of Art in Washington, D.C., LA’s Museum of Contemporary Art (MOCA) has decided to remain an independent institution. The museum has been struggling after a spate of financial issues and widespread criticism of its administration and overall direction.  

MOCA’s board released a statement on March 19, 2013 explaining, “The board is in agreement that the best future for MOCA would be as an independent institution. The Board understands that this will require a significant increase in MOCA’s endowment to ensure its strong financial standing. We are working quickly toward that goal, while at the same time exploring all strategic options, to honor the best interest of the institution and the artistic community we serve.” There are currently no artists on MOCA’s board after a number of high-profiled artists including John Baldessari, Ed Ruscha, and Barbara Kruger resigned earlier this year.

Earlier this month, LACMA Director Michael Govan offered to raise $100 million for MOCA’s two locations in exchange for the acquisition of the institution. The National Gallery was not interested in an institutional merger but offered to collaborate with MOCA on programming and research initiatives. Eli Broad, one of MOCA’s major benefactors, was in favor of partnering with the National Gallery.  

Christie’s online-only auction of 125 works by Andy Warhol (1928-1987), which ran from February 26-March 5, 2013 was a huge success. The sale, which included paintings, drawings, photographs, and prints, garnered $2.3 million, doubling its pre-sale estimate. Proceeds from the auction will benefit The Andy Warhol Foundation for the Visual Arts, which is dedicated to the advancement of the visual arts.

The auction, which was the first online-only Warhol sale, attracted 65,000 visitors and 263 bidders from 36 countries. The featured works had estimates ranging from $600 to $70,000 and many have never been on public view. Highlights from the sale included I Love Your Kiss Forever, a 1964 lithograph of Marilyn Monroe’s lips that fetched $90,000, more than 40 times its pre-sale estimate; In the Bottom of My Garden (circa 1956), a complete book of offset lithographs colored by hand that realized $80,250; and a t-shirt screen printed with Warhol’s Self-Portrait with Fright Wig, which garnered $47,500. The only lot that failed to sell was a graphite on paper drawing titled Madonna and Child (circa 1981), which was expected to bring $30,000-$40,000.

The next Andy Warhol @ Christie’s sale is in April 2013 and will be dedicated to Warhol’s legacy at the famed New York nightclub, Studio 54. Christie’s will host a number of online auctions throughout 2013 as part of an ongoing partnership with the Warhol Foundation.