In politics, in the
United States, a Civil War Trust worked
to preserve the historic site of the Battle of Gettysburg. A number of letters
to the editor in The New York Times reacted
to potentially misleading aspects of Hugh Eakin’s commentary,
“The Great Giveback,” on trends in repatriation of antiquities from museums to “source
nations.” Simultaneously, a commentary raised concerns
over the full effect of a recent announcement by the Association of Art Museum
Directors on higher standards for museums to publicly justify acquisitions of
objects with incomplete provenance. Meanwhile, Russia countered
claims for financial compensation and the return of the Schneerson collection
to the United States.
In a crossover of
politics and economics, an article
out of New York echoed the logic behind modernizing tax law, such as a resale
royalty, for the art market, while Forbes
reported
that the IRS strives to ensure fair treatment of art collectors through an
objective Art Advisory Panel. Reuters
reported
that “Pakistan plans to build a $30 million amusement park and outdoor activity
centre on the edge of the northwestern town of Abbottabad, where U.S. special
forces killed Osama bin Laden…” An article
in ArtInfo, revealed the commercial
tactics of the renowned street artist, Banksy.
In a crossover of
politics and security, the U.S. Ambassador to Lebanon visited
Tyre in the interest of initiatives, such as the Ambassador’s Fund, to protect cultural
property. In Mali, questions
arose over the whereabouts of 15th-century manuscripts in Mali after
the retreat of extremists from Timbuktu.
In economics, an article
in China covered previously raised questions over practices of third-party
guarantees at art auctions, while anticipation
of art auction statistics for 2012 predicts a downward
adjustment of China’s rank in the global art market. At the same time, ArtInfo, speculated
on the positive effects of a correction to the art market in China. Art Stage
Singapore, on the other hand, has continued
to expand over the past three years. In India, art also seems
to have a future as an investment, and an obscure valuation technique
prices artworks by the square inch. Overall, high-end art collectors apparently
remain unhindered by the weak global economy, and the CEO of The Fine Art Fund
Group predicted that the “top
end of the art market will continue to boom for the next ten years.”
In security, an article
on preservation in Oregon held optimism for the protection of Rock Art worldwide.
While commentary continues on the political
and cultural
ramifications for destruction in Mali, a number of reports
indicate that security measures may have saved some cultural treasures in Mali.
Oman announced
plans to form a committee to counter trafficking in cultural property.
For similar news, visit Cultural Security News.
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