Martin filler explores how cities and musuems hoping for the Bilbao effect are being slightly disingenous towards their constituents. Arch Record
He writes;
I applaud cities that subsidize museums rather than stadiums, but officials should just level with taxpayers, admit that spending on culture is a noble thing, and forget the sham rationale of financial return from what ought not to be touted as an “investment.” Before today’s casinolike art market, principled dealers and auctioneers used to discourage the notion of collecting as speculation. Buy what you love, they used to advise, and if you make a profit, good for you. If not, good for you, too, because you’ll have been enriched by living with a thing of beauty. The same caveat applies to the sponsorship of cultural architecture.
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