The ultimate status symbol for rich collectors: you own museum!

What an interesting article on The Guardian!

As I already talked about in one of my previous posts, it’s becoming clear that private collectors are trying to substitute public museums by funding or building new exhibition places!

“The new trend comes as the art world sees a major sector shift. While state-funded institutions struggle with budget cuts and dwindling sponsorship, increasing numbers of private collectors are buying contemporary art. This has sent auction prices soaring, making it ever harder for public museums to compete.”

So here it is the same old song… that’s something I already talked about because it’s another aspect of the issues that public museums shoud face:

MORE AND MORE COMPETITION, NOW COMING FROM ANOTHER FRONT: PRIVATES!

“Countries as far flung as China and Mexico, Greece and Australia have collectors with grandiose plans for museums that reflect their private, often idiosyncratic tastes. Most do not charge admission, whereas public galleries in the UK now face the prospect of imposing entry fees

EVEN MORE CHALLENGING!

Quite interesting if we consider that the news of the day is the donation to the nation (UK in this case) of the content of his Chelsea Gallery by Charles Saatchi (about 200 works of contemporary art). About this, take a look at this article.

But why are they doing so now? Here the mistery revealed!

“Oliver Barker, senior international specialist at Sotheby’s contemporary art department, said that when collectors simply donated to public museums they do not experience the “creative involvement” that they got from creating their own museums with their own taste (like Roman Abramovich’s girlfriend Dasha Zhukova, who’s staging world-class exhibitions in a former bus garage turned contemporary art gallery) “.

There are more and more private collectors from all over the world who want to exhibit their belongings and  to keep  them no longer in storage, and this is because they now need to experience the greater satisfaction of being the creator of something new and completely theirs (and not to be a museum’s benefactor with their name on a label). And all this to the detriment of public museums.

So, here it is: museums can’t stand the collectors’ needs no more and so, the super-riches have decided to become museologists themselves!

And what are  museums doing about that?!?!?!?

THEY MUST FIND NEW STRATEGIES TO FACE THESE NEW COMPETITORS!

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