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Companies Are Selling Fractional Shares Of Art As Investment. What’s The Point?

So far, Masterworks has been buying up works and selling shares in the asset, often with delayed payment terms, giving time for the Masterworks team to aggressively sell the shares to retail investors. In 2022 it had reportedly bought up $475m worth of art. - The Critic

One Of DC’s Oldest Black Box Theaters Is For Sale — At A Price No Local Company Could Afford

A nonprofit called CulturalDC bought the Source Theatre in 2006 so it could remain a performance space. Now, however, CulturalDC's board wants to sell the building by the end of the year and is asking for $5.8 million. The company using the Source has offered to buy it, but not at that price. - Washingtonian (MSN)

How Should Cities Decide What Buildings Should Be Protected?

There’s a loosely defined term of art for things that are prized and embedded in a culture but not necessarily architectural landmarks: intangible heritage. - The New York Times

British Film Censors Slap “Wicked” With A Trigger Warning Label

Regulators also cited a disabled woman in a wheelchair being “treated in a condescending manner by able-bodied people,” and talking animals being “persecuted in a fantastical society,” as additional reasons for the content warning and PG rating. - The Daily Beast

100 Years Ago These Ukrainian Writers Were Famous, Then Crushed By Stalin. Now They’re Being Celebrated Again

The lives of the writers are being told in a musical, a feature movie and a memoir. There is even a fashion line themed around them, with sweatshirts riddled with bullet holes to symbolize their killings. - The New York Times

A Choreographer Exhibits At Art Basel Miami Beach

"Diego Vega Solorza does not want people to think of him as a visual artist. He is certainly not a sculptor, he insists, nor a photographer or videographer — even though he will exhibit that kind of work ... at this year’s Art Basel Miami Beach." - The New York Times

AI Publishing Could Swamp The Book Market

As AI-powered publishing balloons, the sheer market volume may make it difficult for these publishers to stand out. They’ll have to adapt. - Fast Company

South Coast Repertory Theatre Co-Founder Martin Benson, 87

Benson’s path to success was fraught with challenges. Early in SCR’s history, Benson experienced literal starvation for his art, competing with seagulls for morsels of dumpster food near the beach. He survived esophageal and prostate cancer, clinical depression, and the shattering grief of his first wife’s suicide. - CultureOC

Is Public Funding For The Arts Worth The Hassle?

One can carp about the sad history of direct public arts funding in the United States and many do. But one might also argue that there were consequences far more dire for champions of the idea of government dollars for the arts. - Nightingale Sonata

Lance Morrow, Once A Star Essayist At Time Magazine, Has Died At 85

"(He) was both observer and narrator during a more than seven-decade career that included books and memoirs, more than 20 years with a coveted back-page column in Time, and, later, time as a contributing writer to outlets such as The Wall Street Journal." - The Washington Post (MSN)

Why Tchaikovsky’s Dance Of The Sugar Plum Fairy Was Astonishing In Its Day

Today the piece is one of the most familiar sections of The Nutcracker, so it's hard for us to appreciate how unusual the music seemed at the ballet's 1892 premiere. That dance's featured instrument, the celesta, was a recent invention, and almost nobody in Russia had heard one. - The New York Times

Melbourne Symphony’s Missteps Mean Too Much Money Spent On Lawyers

The orchestra got itself in one legal tangle by cancelling a recital by pianist Jayson Gillham after he made comments about Gaza from the stage. Then it fired its CEO following a staff rebellion and has had to negotiate a settlement with her. This when there's little cash to spare. - ArtsHub (Australia)

Stephen King Is Closing His Three Radio Stations In Maine

"The renowned author … said Monday that at age 77, it’s time to say good-bye to three Bangor, Maine, stations that have been bleeding money. King kept the stations afloat for decades, and he said he and his wife, Tabitha, are proud to have kept them going for so long." - AP

Founder Of Collapsed American National Ballet Sentenced To 20 Years For Shooting Ex-Husband

Ashley Benefield, whose marriage to Doug Benefield disintegrated after the ballet company they attempted to launch fell apart, was acquitted of murder but convicted of manslaughter for shooting him during an altercation at her home in Florida in 2020. - CBS News

Turner Prize 2024 Goes To Jasleen Kaur

"Jasleen Kaur has won the 2024 Turner prize for her work animating everyday objects to reflect the pluralities of identity and community. The youngest artist on this year’s shortlist, (she) was nominated for her exhibition Alter Altar, at Tramway in Glasgow, which featured a range of sculptures and soundscapes." - The Guardian

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