Art Industry Insights With Reena Devi

  • Why Museums From The Louvre To The Guggenheim Are Facing A Reckoning

    With public museums in France, UK and even parts of the US reopening in July, their most pressing issue might be more than just about recouping tremendous financial losses incurred during the lockdown. A survey reportedly conducted this month in the UK indicated that 49% of the public are “not very comfortable” or “not at all comfortable” with…

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  • Art Basel OVR And Why The Art World Needs To Simplify

    Over the past year, there is an increasing split in the way we perceive our current existence, emphasized by the ongoing global pandemic coupled with deep social fragmentation and unrest. The art world is not immune to this phenomenon and this was never more apparent than during one of its most important events of the…

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  • Why Is Art Financing On The Rise Now?

    In January this year, when Brexit was the major development setting the art market on edge, wealthy art collectors were reportedly most concerned about whether they could still move their art, what paperwork would be required, and would there be additional taxes or duties if they wanted to move art from the UK to Europe after the…

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  • Does The Art World Know What Social Responsibility Means?

    In times of crisis, social responsibility becomes a pressing issue. Yet, the art world’s idea of this concept is often arbitrary and superficial with a disappointing lack of self-awareness. A petition by New York City art workers from the Dia Art Foundation, Museum of Modern Art (MoMA), New Museum, Smithsonian Museum, and Studio Museum in Harlem described…

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  • What Role Can Art Collectors Play In An Art World Adversely Impacted By COVID-19?

    As the art world grapples with the socio-economic impact of global pandemic COVID-19 and preventive measures to deal with the virus, it is not surprising that the practice of art collecting has been affected. According to Doug Woodham, Managing Partner of New York-based Art Fiduciary Advisors, “Right now, most collectors have more urgent matters to worry…

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