October 1, 2010 |
The Museum of Contemporary Art announced Thursday that it finished its fiscal year with a $5.5-million surplus and has used most of it to continue replenishing the endowment it had illegally raided during nearly a decade of overspending. Although dipping into its reserves helped MOCA mount acclaimed exhibitions, it left the downtown museum nearly broke at the end of 2008. A merger with the Los Angeles County Museum of Art was considered before Eli Broad stepped in with $30 million in pledges that enabled it to maintain its independence.
July 13, 2012 |
The troubles of L.A.'s Museum of Contemporary Art intensified with the resignation of noted artist John Baldessari from its board. "To live with my conscience, I just had to do it. " Baldessari's said in an interview Thursday after emailing his decision to MOCA. He said his reasons include the recent ouster of respected chief curator Paul Schimmel and news this week that the pop-cultural slant the museum has taken under director Jeffrey Deitch will continue with an exhibition on disco music's influence on art and culture.
September 10, 2002 |
"What would I be doing if I weren't doing this? Playing bridge three times a week? I like bridge, but art keeps me from doing that all the time." Audrey Irmas, the noted philanthropist and collector, laughs as she offhandedly says these words at the end of a wide-ranging conversation about her charitable efforts and love of art.
July 6, 2003 |
The top spender on art in the world, Sheik Saud al Thani of Qatar, shelled out several hundred million dollars during the last few years, according to ARTnews. The magazine's annual list of top art collectors is in its summer issue, which will be on newsstands Friday. A few Angelenos made the list, including (in alphabetical order) Edythe and Eli Broad, David Geffen, Audrey Irmas, Peter Norton, Michael Ovitz (who's new), Etsuko and Joe D. Price, Beth Swofford and Dean Valentine.
October 13, 1995 |
In an ambitious move to secure the future of its creative mission, Los Angeles' Museum of Contemporary Art has launched a $25-million fund-raising drive. Announcing the campaign on Thursday--with half of the money already pledged--MOCA Director Richard Koshalek said that most of the funds will go into an endowment to support the museum's programs. The move was inspired by an economic and political climate that has threatened arts funding for the past few years, Koshalek said.
September 14, 2012 |
The Billionaires (as estimated by Forbes magazine) Meet the billionaires in our online interactive by clicking here , or on the link to the left . High-p rofile trustees Steven Mnuchin is chief executive of OneWest Bank, the largest bank in Southern California. His father is art dealer Robert Mnuchin, a former investment banker who is a partner in the L&M Arts galleries in Manhattan and Venice, Calif. Edward Minskoff and Charles Cohen are two leading New York-based real estate figures.