Why Italy's cultural wealth never really enters public accounts and budgets?

Perché la ricchezza culturale italiana non entra mai davvero nei conti e nei bilanci pubblici?

Italy has exceeded the European Commission's structural adjustment path by 0.1 percentage points of GDP, reopening fiscal scrutiny. Amid this debate, the article highlights a deeper issue: Italy's immense cultural heritage is drastically undervalued in public accounts. For example, the Pompeii Archaeological Park is recorded at just €48.9 million, the Colosseum at under €15 million, and the Uffizi at about €2 billion—figures based on outdated 2002 ministerial criteria that bear no relation to actual economic or cultural worth. The State General Accounting Office, with the University of Roma Tre and EU technical assistance, has proposed a new methodology to value cultural assets by discounting their future net financial flows, including direct revenues and indirect tourism-related returns.

Kerry Cumpstone to demo at Euclid Art Association event | Gallery Glances

The Euclid Art Association will hold its next meeting on May 4 at the East Shore United Methodist Church in Euclid, Ohio, featuring a demonstration by artist Kerry Cumpstone. Cumpstone, who created the "Spiral Series" of 130 animal drawings, will showcase her technique; many of her subjects are endangered species. The article also announces the Lake Metroparks' 39th annual amateur photo contest, with entries accepted through May 31 at Penitentiary Glen Reservation.

'Father' exhibit to make US debut at Armenian Museum. When it opens

The Armenian Museum of America in Watertown, Massachusetts, will debut the exhibition “Father” by internationally acclaimed artist Diana Markosian, running from May 29 to September 13. The show uses photography, archival materials, video, and text to document Markosian’s journey to reconnect with her estranged father, exploring themes of family, memory, and identity. Curated by Anahit Gasparyan, the exhibition is co-produced by Les Rencontres d’Arles and Foam, Amsterdam, and sponsored by the JHM Charitable Foundation. A private member preview on May 28 will feature a conversation between the artist and curator.

Irina Werning Chronicles 18 Years of Photographing ‘Las Pelilargas’ in a New Book

Photographer Irina Werning has spent 18 years traveling across Latin America to document Indigenous women with exceptionally long hair for her series "Las Pelilargas." Her new book, published by GOST Books, features nearly 90 portraits taken between 2006 and 2024, starting with the Kolla community in Argentina. Werning sought subjects by posting signs in remote mountain towns and organizing hair competitions, capturing a tradition rooted in ancestral beliefs that hair connects to life, thoughts, and the land.

Janusz Jurek Embraces the Weirdness of Everyday Life in Captivating Street Photographs

Polish photographer Janusz Jurek, who works as a graphic designer and commercial photographer, creates candid street photographs that capture humor, happenstance, and the bizarre. He focuses on authentic moments outside the mainstream, often turning away from main attractions to observe people's reactions, small gestures, and strange coincidences. Jurek is preparing a photo collection titled "Look, Before It’s Gone," compiling five years of his street photography.

An Interactive Archive Celebrates the Wide Ranging Projects Inviting ‘Unruly Play’

Amsterdam-based studio Imagination of Things, co-founded by Vitor Freire and Monique Grimord, has launched "Unruly Play," an interactive digital archive featuring 169 artworks, designs, games, and participatory projects. The repository includes notable works such as Rael San Fratello's "Teeter-Totter Wall" and the Wind Phone project, alongside a 12-foot puppet that travels the world. The archive is searchable by theme or through a shuffle feature, aiming to showcase projects that invite surprise, camaraderie, and unexpected encounters with imagination and joy.

Play ‘Liminal Bingo,’ Pat Perry’s Participatory Photo Treasure Hunt

Detroit-based artist Pat Perry has launched "Liminal Bingo," a participatory photo treasure hunt open to anyone with an internet connection. Participants are encouraged to go outside, gather friends, and photograph a series of illustrated prompts—such as capturing a handshake with a stranger while both wear sunglasses—using a camera or phone. When five prompts are completed in a row, players have a bingo and submit their images via Instagram or email. Photos submitted by August will be considered for a fall exhibition at Hashimoto Contemporary in New York and a potential book.

April 2026 Opportunities: Open Calls, Residencies, and Grants for Artists

Colossal's monthly list for April 2026 details numerous open calls, grants, and residencies for artists worldwide. Key opportunities include the Earth 2026 Art Awards, the Hopper Prize grants totaling $13,000, and the Fleurieu Biennale Art Prize in Australia, alongside calls for fiber art, gallery exhibitions, and magazine publications.

Goran Konjevod Transforms Paper into Elegantly Organic Origami Vessels

Artist Goran Konjevod creates elegant, functional vases using precise origami techniques, transforming thin paper into forms that mimic the visual weight and presence of porcelain. His works, such as "Grey Curves Vase" and "Artist's Palette Vase," explore the relationship between material, form, and function through organic shapes and nuanced color gradients.

Today’s war, tomorrow’s loot: attempts at stemming the illicit trade in art

The article examines the ongoing challenge of preventing the illicit trade in cultural property looted from conflict zones. It discusses the Hague Convention of 1954 and its protocol, which require signatory countries to prevent theft and pillage during armed conflict and to seize and repatriate unlawful exports. However, the protocol only applies to situations of 'occupation,' leaving a gap for looting that occurs in the chaos of war beyond formal occupation. The article also notes UN Security Council Resolutions that restrict unlawfully removed cultural property from Iraq and Syria, but no similar consensus exists for countries like Afghanistan, Libya, Ukraine, Lebanon, Yemen, Sudan, and Iran. EU Regulation 2019/880 is highlighted as a measure that prohibits introducing goods removed unlawfully from their place of origin into the EU, though its scope has expanded beyond its original anti-terrorist financing purpose.

Sotheby’s Returns to Profit as Sales Rise, Though Cash Pressures Persist

Sotheby’s has reported a return to profitability in 2025, posting a $53 million pre-tax profit following a significant $190 million loss the previous year. Driven by a 20 percent increase in sales totaling $7.1 billion, the auction house benefited from a broader 4 percent recovery in the global art market. Despite these gains, the company is navigating complex financial pressures, including a $10.2 million commission lawsuit from Cushman & Wakefield and the need to refinance $765 million in debt by 2027.

Preparations for the Miyako Odori, Kyoto’s spring dance festival – in pictures

Geisha and maiko (apprentices) in Kyoto are rehearsing for the annual Miyako Odori, or 'Capital City Dances.' This spring dance festival, held throughout April at the Gion Kōbu Kaburenjo theatre, features eight scenes depicting Japanese history and literature, accompanied by live shamisen music and performed against cherry blossom backdrops.

Tokyo cherry blossom and Holy Week processions: pictures of the day – Thursday

The Guardian's picture editors curated a global selection of photographs for April 2, 2026. The images include scenes of cherry blossoms in Tokyo and Seoul, Holy Week processions in Costa Rica and Venezuela, a NASA rocket launch in Florida, political events in the US and the Middle East, and the aftermath of storms in Greece.

Centuries-old pottery firm Denby set to call in administrators

The 217-year-old British pottery firm Denby has called in administrators, putting nearly 600 jobs at risk and threatening the closure of the historic Derbyshire manufacturer. The company, which also owns the Burleigh brand, struggled with soaring gas costs, higher labor expenses, tighter financial markets, and softening consumer demand for its premium homeware, leading to a 17% sales drop in its most recent accounts.

A Holy Week procession, white pelicans and apricot blossoms: photos of the day – Tuesday

The Guardian's picture editors curated a selection of global photographs for Tuesday, March 31, 2026. The images include a Holy Week procession by the Trabajo y Luz brotherhood in Granada, Spain; white pelicans at Lake Çavuşçu in Turkey; apricot blossoms in Gilgit-Baltistan, Pakistan; and scenes from California, Lebanon, India, Israel, Ukraine, the West Bank, and France, capturing moments of nature, conflict, displacement, and commemoration.

Airstrikes, rockets and fields of mustard: photos of the day – Tuesday

The Guardian's picture editors curated a global selection of photographs from March 24, 2026. The images depict scenes of conflict, including a distraught woman in Beirut after an Israeli airstrike, rockets fired from Lebanon towards Israel, an Iranian missile embedded in the West Bank, and damage in Tel Aviv from a missile barrage. Other photos show people sheltering in Kyiv during an air raid and firefighters in Zaporizhzhia, Ukraine.

Fort Lauderdale Still Fighting Removal of Rainbow Crosswalks: ‘We Are the Last Man Standing’

Fort Lauderdale is the final Florida city continuing a legal challenge against a state directive to remove painted street art, specifically its rainbow crosswalks. A hearing is scheduled for May. The directive, part of Governor Ron DeSantis's Safe Streets program, prohibits pavement art with "social, political or ideological messages" and threatens cities with the loss of transportation funding if they do not comply.

‘Where have all our front gardens gone?’: Sydney’s supersized driveways eat into yards

A new research paper reveals that Sydney's suburban front gardens are shrinking dramatically due to residential redevelopment, with the average front garden declining by 46% in areas where older homes have been replaced by larger modern houses. The study, analyzing 370 properties, found that driveway footprints and artificial surfaces increased by 57%, while tree canopy coverage was reduced by 62%.

thieves steal dutch museums entire silver collection

Thieves stole the entire silver collection of the Doesburg Silver Museum in the eastern Dutch city of Doesburg in the early hours of Wednesday morning. More than 300 "irreplaceable" objects, including a treasured collection of mustard pots assembled by the museum's founder Martin de Kleijn, were taken after two men forced entry into the 13th-century Martini Church housing the museum. CCTV footage shows the duo using a crowbar to break in and shatter display cabinets. Only ceramics on temporary display were left behind. The museum is insured, but chairman Ernst Boesveld emphasized the loss is about history and cultural heritage, not just the silver price.

bonhams 2025 sales results market reset

Bonhams ended 2025 with $970 million in global sales, one of its strongest recent performances, driven by growth across regions and categories including fine art, luxury goods, and collector cars. The year’s top lot was a 2020 Bugatti Divo that sold for $9 million. However, the results are overshadowed by a Financial Times report of a £213 million pre-tax loss in 2024, largely due to £153 million in impairment charges tied to a change in ownership—the house was sold by private-equity firm Epiris to Pemberton Asset Management in October 2025. Bonhams Hong Kong posted a record $104 million, UK sales rose 4.5% to $285 million, and digital sales accounted for 46% of total value.

rome tour well preserved underground dwelling livestream

Rome is offering livestream tours of the House of the Griffins, an ancient Roman home on the Palatine Hill that has never been open to the public. Dating to the 2nd-1st century BCE, the dwelling features well-preserved frescoes, mosaics, and two stucco griffins. Starting March 3, after years of restoration, small groups of up to 12 visitors can watch a guide with a head-mounted camera explore the underground structure, with narration in English or Italian.

san francisco california college of the arts close 2027

California College of the Arts (CCA) in San Francisco will close by the end of the 2026-2027 academic year. Founded in 1907, the financially struggling nonprofit art school has entered an agreement to sell its campus to Vanderbilt University, which plans to establish undergraduate and graduate programs there, including art and design, and operate a CCA Institute that will house the Wattis Institute of Contemporary Arts and maintain CCA archives. The closure follows years of financial crisis, including a $20 million budget deficit in 2024 and declining enrollment, despite a $22.5 million gift from Nvidia CEO Jensen Huang's foundation in March 2025.

bonhams posted significant losses 2024

Bonhams, the UK-based auction house, reported a nearly 90% surge in pre-tax losses to £213 million ($286.3 million) in 2024, alongside a 9% revenue decline to £176 million ($236.6 million), according to filings with Companies House. The losses were driven by £153 million in impairment charges due to reduced cash flow forecasts, reflecting a write-down on the investment value held by former owner Epiris. The house was sold to Pemberton Asset Management in October 2024, and subsequently saw a leadership overhaul, with Seth Johnson appointed CEO, Liese Thomas as CFO, and Jennifer Babington as COO, replacing Chabi Nouri and Céline Assimon.

1000 artifacts stolen oakland museum of california

More than 1,000 artifacts were stolen from the Oakland Museum of California's off-site storage facility on October 15, 2023. The thieves broke in around 3:30 a.m., stealing jewelry, precious metals, pearls, Native American baskets and tools, antique daguerreotypes, political pins, laptops, and cameras. No security staff were on duty, and the entry was not through a door. The Oakland Police Department and the FBI's Art Crime Team are investigating, and no arrests have been made. The museum delayed announcing the theft to protect the investigation.

miami beach free water taxi program

Miami Beach is launching a free water taxi program for the second year, starting December 1, to shuttle passengers between the island and mainland every ten to fifteen minutes, with connecting shuttles to the Convention Center and Collins Avenue. The initiative comes as severe traffic congestion during Miami Art Week has driven some exhibitors away from NADA’s inland fairgrounds, with dealers reporting that collectors often abandon trips midway due to gridlock.

art auction glossary guide

Artnet News has published a glossary guide explaining key terms and concepts used in art auctions. The guide covers terminology such as reserve price, hammer price, buyer's premium, and bidding increments, aimed at helping newcomers navigate the auction process.

after museum heist syrian cultural authorities face scrutiny over lack of transparency

Syria's Ministry of Culture briefly published details of artifacts stolen from the Damascus National Museum, including six Roman-era marble statues of Venus and gold ingots, only to delete the post hours later. The theft occurred on Sunday night and was discovered Monday morning when a broken door was found. International media reported the theft citing anonymous sources, and the Directorate General of Antiquities and Museums (DGAM) confirmed an investigation but provided no further details. The museum, which houses thousands of antiquities, had reopened in January after closing during the civil war and the fall of the Assad regime.

oakland museum of california talks stolen artifacts

A thief or group of thieves broke into the Oakland Museum of California's off-site storage facility on October 15, stealing more than 1,000 objects including six Native American baskets, 19th-century scrimshaw, daguerreotypes, modernist metalwork jewelry, and historic memorabilia. The museum initially withheld details to aid the Oakland Police Department and FBI Art Crime Team investigation, but later released a statement calling it a crime of opportunity rather than a targeted theft.

typhoon halong scattered huge trove yupik artifacts along southwestern alaskan coast

Typhoon Halong severely damaged an archaeological site near Quinhagak, Alaska, that had been preserved in permafrost. The storm scattered thousands of Yup’ik artifacts—including wooden masks and tools—along the southwestern Alaskan coast. Archaeologist Rick Knecht of the University of Aberdeen raised the alarm about climate change threats, and salvage efforts are underway with the Nunalleq Museum to recover and conserve the items.

three men convicted celtic gold coins theft germany

Three men were convicted for stealing 483 ancient Celtic gold coins from the Kelten Römer Museum in Manching, Germany, in November 2022. The coins, dating to the 3rd century BCE and valued at several million euros, were discovered in 1999 near Manching. The thieves cut off telephone and internet service to the entire town to prevent the museum from contacting authorities. A court in Ingolstadt sentenced the men to prison terms ranging from four years and nine months to 11 years for gang robbery; a fourth defendant was acquitted of the museum heist but convicted for other thefts. DNA evidence linked the group to a string of robberies across Germany and Austria since 2014, and some coins were melted down, with 70 lost.