Art venues have half the budget of science museums for temporary exhibitions, new report finds
Art Business

Art venues have half the budget of science museums for temporary exhibitions, new report finds

Research by UK startup Vastari delves into hidden economics of museums’ special shows The co-founders of the online exhibitions matchmaking firm Vastari, chief executive Bernardine Bröcker Wieder (left) and chief operating officer Francesca Polo Special exhibitions are the bread and butter of the museums world, yet the finances behind them remain largely opaque. A new study by the UK-based exhibitions “matchmaking” startup Vastari—which connects museums to private collectors and commercial exhibition producers—aims to bring more transparency to this secretive marketplace, says the firm’s chief executive Bernardine Bröcker Wieder. The Exhibition Finance Report: Market Size Analysis is based on online and telephone surveys of around 500 museums on Vastari’s database between August 2017 and July 2018—62% art institutions and 38% science, largely from Europe (50%) and North America (41%). The data aggregation and analysis was led by Lindsay Dewar of the London-based art market research company ArtTactic, who previously contributed to the Hiscox Online Art Trade Report and the Tefaf Art Dealer Finance Report. Posing questions about museums’ preferences for hosting and touring shows and their exhibition budgets, the survey grew out of Vastari’s regular customer service process, Bröcker Wieder says. “Museums get approached all the time by exhibition producers […]

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