THE LAST WORD
Art Plus Alpha
Is art not enough? Is the notion of a large-scale institution dedicated solely to the preservation, research and presentation of fine art incompatible with the current market?
These are deliberately provocative questions, but they are questions that, in the real-world economics of the private sector, in particular, more and more people appear to be answering in the affirmative.
The most recent and prominent example is the Marina Bay Sands development in Singapore, which opened its ArtScience Museum in February. The Las Vegas Sands Corporation, which created…