Businesses are closed, people are worried about their work, their homes, their families and friends. They’re concerned about where to get milk, bread, flour, and what’s going to happen to their gym memberships.
And yet the world still turns. Not least the art world. With artworks behind locked doors around the world, there is, nevertheless, hope for the art industry, emanating from the galleries and also from the artists. There are remarkable efforts in this time of crisis, green-shooting out of despair and hope in equal measure.
Governments are proclaiming the funding they have put in place for art institutions, although whether it will be enough to see them through the COVID-19 closures remains to be seen. In Singapore, the government has set aside S$1.6 million in subsidies; in the UK, the Arts Council has pledged £160 million, while in the US, The Metropolitan Museum of Art in New York reported facing a US$100 million loss during closure in the pandemic and will be heavily reliant on its US$3.6 billion endowment. Smaller, less-renowned galleries in the US and many others in every city around the world will not have this luxury, and survival is going to be a serious challenge for those outside the nationally funded sector.
Donations are starting to appear around the world, with the super-wealthy stepping up to the plate in these difficult times, and it could well be that some of the money finds its way to the arts. But it’s a difficult ‘sell’ when there is so much hardship in so many other areas.
Esta historia es de la edición June 2020 de Robb Report Singapore.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 8500 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición June 2020 de Robb Report Singapore.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 8500 revistas y periódicos.
Ya eres suscriptor? Conectar
The World On Your Wrist
Vacheron Constantin goes globe-hopping for its latest Les Cabinotiers collection of one-of-a-kind timepieces.
The Man Behind The Glow
Lars Brittsjo, the visionary CEO and founder behind Nor Sken, discusses the evolution of anti-ageing solutions and the ethos of sustainable beauty.
Fresh Linen
Travellers seeking accommodation options that excite and inspire can approach 2024 with optimism.
Run For Cava
José Ferrer of Vins Familia Ferrer on what makes seriously good vintage cava.
Heart Of Africa
Great Plains Conservation blends bespoke luxury and mindful conservation, offering an African safari experience par excellence.
A Week In Switzerland
There is no better place for watch connoisseurs to get immersed in watchmaking than the birthplace of horology—and no better way to plan the journey than with Scott Dunn Private.
Welcome To The Club
The decadent new Global Ambassador hotel in Phoenix welcomes elite travellers of all stripes-but its most intriguing attraction is for members only.
Flights Of Fancy
The Un Air de Chaumet high jewellery collection soars with evocative expressions of birds in flight.
Signature Moves
An A. Lange Séhne watch can be identified from five paces away. However, for its truly distinctive features, we recommend that you reach for the loupe.
Counting It Down
Luxury watch brands are teasing collectors with new drops ahead of the anticipated annual Watches and Wonders exposition.