morning links october 8 2025 1234756018
Tate has announced an ambitious plan to build a £150 million ($201 million) endowment by 2030, launching the Tate Future Fund in June with over £43 million ($58 million) pledged. The initiative, unveiled at a high-profile gala that raised £1 million ($1.34 million), has sparked debate across the UK museum sector about the viability of endowment models for long-term sustainability. Meanwhile, the Baltic Centre for Contemporary Art in Gateshead launched a £10 million ($13 million) endowment, bolstered by a gift from musician Sting, and other UK museums like the British Museum and V&A have quietly built similar reserves. In a separate story, Matthiesen Gallery has filed a lawsuit in US District Court against convicted fraudster Thomas Austin Doyle, artist Shalva Sarukhanishvili, Jill Newhouse Gallery, and art collector Jon Landau over the alleged mishandling of Gustave Courbet's painting *Mother and Child on a Hammock* (ca. 1844), claiming fraud and breach of contract after the painting was sold far below its market value.
