Айвазовский И.К.
Шишкин И.И.
Маковский А.В.
Маковский В.Е.
Кончаловский П.П.
Фальк Р.Р.
ARTinvestment.RU покупает работы
ведущих художников XIX-XX вв.
Нестеров М.В.
Плавинский Д.П.
Бенуа А.Н.
Немухин В.Н.
Серов В.А.
Зверев А.Т.
Саврасов А.К.


Jeff Koons, Gagosian Gallery and art-институции the United States received millions of dollars from the state
ARTinvestment.RU   09 июля 2020

Assistance was obtained in the framework of PPP (Paycheck Protection Program), designed to ensure that the organization was able to maintain its staff

on Tuesday, 7 July 2020, the U.S. government released a list of organizations that have received interest-free loans under the program PPP (Paycheck Protection Program). The program was designed to assist organizations whose staff does not exceed 500, and the goal of the program was the preservation of jobs in these organizations. Additional condition for obtaining financial support was the lack of access to other sources of income in conditions of a pandemic.

However, the list of organizations that have received financial support, raises questions. Thus, the financial assistance program in the amount of $5 million to $10 million received the Whitney Museum, the Philadelphia Museum of art and the Museum of contemporary art San-Франциско — despite the fact that she had fired 76 employees, and the Museum of the San-Франциско fired hundreds of employees in March and then in June reduced the staff of another 55 persons. From $2 million to $5 million received from the auction house Phillips, and Bonhams (apparently having other sources of income), and Pace gallery, Gagosian (which paid employees in part-time work) and the gallery of David Zwirner, fired 40 people (20% of employees) this month.

assistance in the amount of $1 million to $2 million was received by the Studio of Jeff Koons, one of which was recently auctioned for a record $8 million, the portal Artnet, as well as several museums in new-Йорке. Interest-free loans in the amount of $350 thousand to $1 million received gallery Blum & Poe, Hauser & Wirth, 303 Gallery, Gladstone Gallery, Jack Shainman Gallery, Lisson Gallery, Luhring Augustine, Marlborough Gallery, Matthew Marks and Kasmin. Artists Dan his Knees, Daniel Arsham, sterling ruby, etc., known for its contracts with major galleries and collaborations with renowned organizations (Archamps, for example, collaborates with a number of brands — from Christian Dior to Uniqlo), received at least $150 thousand.

Distribution of funds under this program causes a lot of issues and publication of data was resonant enough that the U.S. Treasury Department asked the organization that does not meet the terms of the program, to return the received means. However, at the moment the request was complied with only one company — chain of fast-food restaurants Shake Shack, which returned to the state budget $10 million received earlier.

Sources: hyperallergic.com, news.artnet.com



Attention! All materials of the site and database of auction results ARTinvestment.RU, including illustrated reference information about the works sold at auctions, are intended for use exclusively for informational, scientific, educational and cultural purposes in accordance with Art. 1274 of the Civil Code. Use for commercial purposes or in violation of the rules established by the Civil Code of the Russian Federation is not allowed. ARTinvestment.RU is not responsible for the content of materials submitted by third parties. In case of violation of the rights of third parties, the site administration reserves the right to remove them from the site and from the database on the basis of an application from an authorized body.


Индексы арт-рынка ARTIMX
Индекс
Дата
Знач.
Изм.
ARTIMX
13/07
1502.83
+4,31%
ARTIMX-RUS
13/07
1502.83
+4,31%
Show:

Top 37

This site uses cookies, it can collect data about IP addresses and users. N 152-FZ «On Personal Data» and continue working with this site, you confirm your consent to the processing of personal data in accordance with the law N 152-FZ «On Personal Data» and «The policy of LTD «ArtIn» with regard to the processing of personal data».
Back to Top