A suspension of electronic payments in the Vatican City is threatening finances in the world’s smallest state as thousands of pilgrims and tourists are forced to use cash only in museums and shops with yearly sales of more than $100 million.
The Chapman brothers, when I talked to them recently, had an intriguing line: “There are no works of art without money, there’s no money without art,” Jake declared. “Art is the supreme expression of capital.” Dinos nodded.
Here’s a business-like way of looking at Italian Renaissance drawings: When Raphael or Leonardo picked up a piece of paper, chances are they were engaged in research, quality control or product development.
BP Plc , which has shed 45 percent of its market value after causing the U.S.’s worst-ever oil spill , said it will keep sponsoring the British Museum, the Royal Opera House, Tate Britain and the National Portrait Gallery in London.