The Getty's portfolio dropped 25% during the last half of 2008, from $6 billion to $4.5 billion. According to the LA Times: "Getty President James Wood said the financial stability of the Getty, the world's richest arts institution, could 'fall off a huge cliff' if it delayed drastic cuts and hard times continued."
Optimism and Jitters at Maastricht (NY Times)
A Wounded Museum Feels a Jolt of Progress: Isabella Stewart Gardner Museum (NY Times)
Asian Arts, From Robes to Porcelains, Have Their Annual Jamboree at Asia Week (NY Times)
Getty Gives in to Recession (ARTINFO)
Late Frank Lloyd Wright House Up For Sale (ARTINFO)
Armory Show 2009 Roundup (ARTINFO)
Art Prices Cut By 20% as Collectors Buy Old Masters (Bloomberg)
Billionaire Pinchek To Host Biggest Hirst Show at Kiev Museum (Bloomberg)
Yvon Lambert, Newcomer to London, Closes Hoxton Square Gallery (Bloomberg)
Lauren O’Neill-Butler at the CAA in Los Angeles (ARTFORUM)
Ana Finel Honigman at the Serpentine and Haunch of Venison in London (ARTFORUM)