(Spoiler alert: no)
I read a lot about all sorts of everything (Not politics. I loathe politics). What’s getting my attention now is talk of a bubble in the art market. The concern seems valid, with super-cute balloon animals and duct-taped bananas demanding outsized prices, getting a lot of social media scorn, and even some thoughtful discussion by credible academics. More relevant, in my opinion, are the wealthy celebrities paying generously for artworks by Old Masters and Young Lions alike.
Maurizio Cattelan's Comedian, for sale from Perrotin at Art Basel Miami Beach.
Photo by Sarah Cascone.
How To Count Money provides artists, art collectors, and organizations the tools and information they need to manage their careers, art collections, finances and lifestyles.
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Andrew Jorgensen, general director of Opera Theatre St. Louis, with the late donor Phyllis Brissenden
She had worked for the United Way in St. Louis during World War II and was the widow of Walter Brissenden, a retired Bell Telephone executive who died in 1986.
University of Mississippi
Brothers Jim and Thomas Duff pledged $26 million to help pay for a new science, technology, engineering, and mathematics building.
The Duffs founded Duff Capital Investors, a Columbia, Miss., holding company through which they own a variety of businesses, including Southern Tire Mart, which their late father, Ernest, started in 1973.
The Duffs have a long history with the university. Ernest Duff earned undergraduate and law degrees there, and Jim Duff’s daughters, Margaret and Caroline, are law and liberal arts students, respectively.
University of Alabama
C.T. and Kelley Fitzpatrick committed $20 million to support the Culverhouse College of Business and establish the C.T. and Kelley Fitzpatrick Center for Value Investing. Some of the money will also go toward the university’s intercollegiate athletics programs.
C.T. Fitzpatrick founded Vulcan Value Partners, an investment-management firm in Birmingham, Ala. He earned a bachelor’s degree in commerce and business administration from the university in 1986. The university’s Manderson Graduate School of Business is named for Kelley Fitzpatrick’s father, Lewis Manderson.
Chuck Klaus and Marylyn Turner gave $15 million to back scholarships and two immersion programs within the College of Visual and Performing Arts’ School of Art.
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