1. The 40th Art Basel art fair was more successful than most exhibitors expected, and has raised hopes that the art market is quickly regaining strength.
2. British artist Banksy holds his largest exhibition in Britain to date. On show in his hometown of Bristol at Bristol’s City Museum and Art Gallery, the exhibition was kept secret until the last minute.
3. The Guggenheim’s endowment has shrunk by almost one-fifth, resulting in the loss of 25 jobs or 8 % of their staff in New York.
4. In their special coverage of Art Basel, the Art Newspaper goes into one of the newest concerns in the art world. This is the rise of numerous “Art Advisors,” people from the art world who may have lost their positions at galleries, etc., have gone out on their own as advisors, and may not be qualified for the position.
5. A report by the National Endowment for the Arts shows that numbers are down for attendance to art museums and arts performances. But on the other hand, it appears that significant numbers of Americans are accessing culture on the web.
