Will Ford and Kresge Save DIA?

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Detroit Institute of the Arts, Director, Graham Beal Photo via Bluin Artinfo

Live tweets from the Association of Art Museum Directors meeting in New Orleans last night revealed that Detroit Art Institute director, Graham Beal, was going public with news of a “grand bargain” between city mediators and a number of interested national and local foundations, including the Kresge Foundation, The Ford Foundation, the John S. and James L. Knight Foundation, as well as the Community Foundation for Southeast Michigan.

The news, breaking since December amidst rumors and paranoia, came just hours before headlines in The Detroit Free Press and The Detroit News announced that negotiations, while still in progress, and still entangled in some sticky complications, seemed to be promising some dramatic relief in the form of some $300 — $500 million dollars.

Oddly, Beal was paraphrased in AAMD’s tweets as stating that DIA itself had been locked out of negotiations and had little to do with the deals:

Tweeted @MuseumDirectors, “Beal: @DIADetroit has had very little to do w/negotiations. They have happened around us; I have never met the Emergency Manger #AAMDNOLA”

The plan to leverage foundation support has been largely driven by U.S. District Court chief judge Gerald Rosen, the Mediator in the Detroit bankruptcy case, who called the foundations together this fall to discuss solutions for saving DIA’s collections and supporting pensioner’s claims. Ford Foundation CEO, Darren Walker, has also been cited as a booster, bringing other foundations on board.

Bits: Keeping it Real

Adam Lindemann, founder/director of Venus Over Manhattan
Adam Lindemann, founder/director of Venus Over Manhattan

Adam Lindemann Brings It:

In an interview with GalleryIntell’s Cat Weaver, Adam Lindemann opened up a can of whoop ass on the art world:

“Collectors are the biggest dealers today in the sense that every collector is trying to be a dealer. Every collector is trying to wheel and deal and play the market. Everybody wants to be a player. I guess I’m partially to blame because I was the epitome of that type of collector— buying and thinking about the values of  —whatever —my interest in art had run its course in that way. I was kind of like,“I’m done with it. I’ve lost my interest in art.” And so I thought that by opening my own gallery, I could sort of come at the art world in a different way.”

Read more on GalleryIntell

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Love Saves the Art World

Rumor has it that speculative “flipping” has brought a new kind of panic to the art market, one that is causing the more savvy collectors to bail out. Experts worry that the resultant art dumping may lead to a burst in the currently robust and long-lived art bubble.

Read more on GalleryIntell

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How to Talk About Art: Christopher Wool Edition (#H2TAA)

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Bonus: if you talk about Christopher Wool’s abstract works, which, though not as popular, are amply better looking and a lot more fun than the text paintings, you get to talk about mark-making, process, and erasure.  Along with that you get to come off as the better aesthete — the one who appreciates the less obvious work.

Read More on Hyperallergic

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