Art New$: Rothko, Ferriso, financial advice to children

From time to time, events remind Art Scatter, even resolutely non-commercial as it, that in many precincts of the dominion money is commonly thought to make the world go ’round. It certainly sets the art world to spinning when some falls its way. Two recent examples:

Mystery buyer of record-setting Rothko revealed! Way back last year, when the dollar was still worth something, a painting by Mark Rothko, White Center (Yellow, Pink and Lavender on Rose), 1950, sold for $72.8 million at Sotheby’s New York. Thanks to the Art Newspaper, we now know that Emir of Qatar and his wife bought it, along with Francis Bacon’s Study from Innocent X, which fetched a mere $52.7 million. We don’t usually report art auction doings, but in this case, we must point out that Rothko went to Benson High School Lincoln High School in Portland: Study art, kids!

Portland Art museum Director makes big money! D.K. Row’s thoughtful profile of Brian Ferriso contained one little nugget that might have raised some eyebrows — Ferriso makes $295,000 a year, which is still far less than his predecessor John Buchanan was paid. That’s still a lot of pizza, which Ferriso dined on at yummy Hot Lips Pizza when he first moved to town. But it’s on the low end of what museum directors are getting these days — $300,00 to $650,000 at small and mid-sized museums in the Midwest and South, according to artsmanagement.net, which explains the phenomenon. Hey kids, forget the art: take arts management classes instead!