By Nancy Nesvet As Globalism and Nationalism dominate current world news and politics, economic disparities of the Global South and northern Europe causes verbal and policy battles across all markets. We hinted in the last Business of Art blog at the consequences for documenta 14, but here provides an update on its future policy decisions. Splitting the fair between Kassel and Athens has been cited for the 5.4-million-euro loss. Documenta’s director, Adam Szymczyk, took the job on the condition that the exhibition be split between Athens and Kassel. Half of Kassel’s 2017 documenta was financed by the German Federal Cultural Foundation, the German Federal Foreign Office and the City of Kassel. The other half came from private funds: Volkswagen and Sparkasse Finance Foundation and Kassel’s daily entrance fee. Originally, 10 percent of the budget (2 million euros) was to go to Athens, … [Read more...] about THE BUSINESS OF ART: DOCUMENTA-ECONOMIC DEBACLE, POLITICAL WIN