#ArtnetNews: China’s billionaire museums get a harsh reality check. China’s once-booming private museum sector is facing a reckoning. Amid a slowing economy, real estate turmoil, and a lack of systemic support for cultural institutions, some of the country’s most ambitious museums are shuttering, downsizing, or scrambling to survive. The question now is can these institutions evolve beyond the boom—and build a model that truly lasts? Read more: https://bit.ly/4nQhygu Article by Cathy Fan, video
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Is This the Breaking Point for Museums? In the first of a four-part series, Brian Boucher examines the converging pressures reshaping museums today: shrinking subsidies, politicized scrutiny, and shifting philanthropic expectations. These challenges extend beyond finances—touching governance, programming, and public trust. Tap the link in bio for the full article. | artnet
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#ArtnetNews: Boutique art fairs take off, a new wave of dealer-run art fairs is challenging the model. Plus, which New York gallery is the latest to close its doors? Listen to the podcast: https://bit.ly/42dy1D1 | artnet
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10K views · 23 reactions | Get the latest art market insights, actionable data and head-turning opinion. Plus access members-only perks. Join Artnet PRO. | artnet | Facebook
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Why There Are Five Separate Art Worlds Now, and Why It Matters | Artnet News
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