Plus, some museums are reopening in Italy and how arts funding actually grew (a bit) under Trump.
January 18, 2021
The Brooklyn Academy of Music honors Dr. Martin Luther King Jr. with the digital tribute, Let Freedom Ring, on January 16, 2021 in New York City. Photo by Jamie McCarthy/Getty Images.
Art Industry News is a daily digest of the most consequential developments coming out of the art world and art market. Here’s what you need to know on this Monday, January 18.
NEED-TO-READ
Arts Funding Actually Grew Under Trump – Despite the US President Trump’s efforts to eliminate the National Endowment of the Arts, the agency survived his term and its budget even increased a small amount, thanks to bipartisan efforts in Congress, which acted like a “firewall.” Among the main reasons for the endowment’s survival is that it is a relatively meager amount of money. The 2021 budget is $167.5 million a fraction of the UK’s $1 billion culture budget, and just about what Ne