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How Much Is That Chagall in the Window: Metropolitan Opera Faces Funding Crisis After Saudi Deal Collapse

The Metropolitan Opera in New York faces a $30 million deficit after a $200 million funding deal with Saudi Arabia collapsed. The Saudi government withdrew from the agreement, which would have sent Met performers to the Royal Diriyah Opera House for three weeks each February, citing economic pressures from the Iran War and the blockage of the Strait of Hormuz. To address the shortfall, the Met is considering selling two monumental Marc Chagall paintings—The Sources of Music and The Triumph of Music (1966)—valued at $55 million, along with other options like selling naming rights or seeking a similar deal with another country.

Artists take a satirical look at the financial crisis in a new London show

Three emerging artists—Jenna Bliss, Buck Ellison, and Jasmine Gregory—present a multi-media exhibition titled 'Genuine Fake Premium Economy' at London’s Institute of Contemporary Arts (ICA). The show satirically examines the societal and economic fallout of the 2008 financial crisis, using works that critique capitalism, inheritance, and art-world stereotypes. Gregory repaints Patek Philippe ads to expose class structures, Bliss films a fictional art fair that blurs reality and fiction, and Ellison creates lightboxes for a fictional private bank, manipulating corporate language and philosophy.

Die Welt als Sound – mit Peter Licht

Peter Licht, a German musician, author, and playwright, appears as a guest on the 82nd episode of the "Fantasiemuskel" podcast, where he discusses his view of the world as a sound phenomenon. He reflects on his 2006 song "Lied vom Ende des Kapitalismus," which preceded the 2008 financial crisis, and explores how language, fear, and utopian moments manifest through sound in his work—whether in pop songs, theater pieces, or novels. Licht also describes a recent "problem-solving show" at Schauspiel Köln, where audience members submit problems that are collectively sung, turning singing into an act of resistance and community-building.

This ICA Exhibition Skewers Art’s Culture of Capitalism

The Institute of Contemporary Art (ICA) has opened a new exhibition titled "Genuine Fake Premium Economy," featuring works by artists Jenna Bliss, Buck Ellison, and Jasmine Gregory. Curated by Nicole Leong, the show critiques the culture of capitalism within the art world, using appropriation and mimicry to highlight contradictions and hypocrisies. The artists, all born in the mid-1980s in the United States, came of age professionally after the 2008 financial crisis, and their works incorporate advertising imagery, reality television, luxury brand aesthetics, and private wealth management vocabulary. Bliss's video works include a scripted reality TV episode set in an art fair booth before the crash, while Ellison has invented a fictional private bank called Orlo & Co., and Gregory reproduces Patek Philippe advertisements with the watches erased.