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Friday, 12 November 2010

Why the Art World Needs the Credit Crunch

Thanks for your comment Kim... (see previous post). It seems that cash flow problems facing the art world just filter down and it's the person at the bottom of the pile who suffers. Unfortunately this seems to often be the artist. To me, the financial crisis will perhaps in a roundabout way do some good by bringing to light the most unprofessional art organisations and perhaps culling them in a 'survival of the fittest' evolution. With fewer grants to sustain lame organisations, the art world may emerge stronger and more professional as a result. The art world needs to be on a par with business in order to thrive. Perhaps this credit crunch is the thing to finally force the art sector to try harder.

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