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Herzog & de Meuron, the Swiss architecture firm behind the ambitious Tate Modern extension, took a reduced fee for work on the building project after costs went £45m over budget.
According to documents obtained by the Architect’s Journal under the Freedom of Information act, Herzog & de Meuron was asked not to take its full fee for extra work on the 10-storey building, which went from costing £215m in 2012 to £260m in 2015.
— theartnewspaper.com
The Art Newspaper cites the minutes from a 2015 Tate board of trustees meeting: "Conversation at a senior level indicates that [Herzog & de Meuron] will look sympathetically on this position, but that costs have already been incurred to a certain level, which will require some recompense... View full entry
Many in the art world were staggered by recent reports that the Italian curator Germano Celant is being paid €750,000 to organise a pavilion for the Milan Expo 2015. Celant’s fee, and the incredulity it provoked, raises questions about how much curators are typically paid for organising biennials and large-scale international exhibitions.
The Art Newspaper surveyed around 40 international curators and biennial organisers [...].
— theartnewspaper.com
