Archive for the 'Alice Walton' Category

Forbes 400 richest out

Friday, September 19th, 2008

…spaces four, five and six are taken up with the Wal-Mart dynasty who together control more than 39% of the grocery chain, which owns Asda in the UK. Jim Walton, the son of the supermarket giant’s pioneer Sam Walton, comes in fourth at $23.4bn; his elder brother and the company’s chairman, Robson Walton is in […]

DISSING FLYOVER LAND…

Thursday, March 27th, 2008

Jonathan has written extensively about Alice Walton project to create a museum of American art. Reading an Associated Press piece this morning, I was bothered by the what-could-a-hillbilly-from-Arkansas-know-about-art attitude of the Arterati. In New York, Walton outbid the National Gallery of Art and the Metropolitan Museum of Art to acquire “Kindred Spirits” for a reported […]

The End of the Story

Saturday, March 8th, 2008

The story of Alice Walton trying to buy up the paintings from stressed Fisk University at fire sale prices is finally over. Where will she focus next? Fisk University Keeps Its O’Keeffes A Tennessee judge has ruled that while Fisk University in Nashville violated the terms under which Georgia O’Keeffe donated art to the institution, […]

Art Lovers Update

Monday, February 11th, 2008

The continuing battle between culture (as defined by Alice Walton) and commerce (as also defined by Alice Walton). Court Rebuffs Fisk University Fisk University in Nashville suffered a setback in its efforts to ease its financial problems when a judge rejected on Friday its proposal to raise $30 million by sharing its Alfred Stieglitz Collection […]

The Quest for Immortality (continued)

Tuesday, October 23rd, 2007

When the wealthy get to a certain stage in life they decide that money isn’t everything. This turns into a desire to leave a permanent mark on the world as a kind or immortality. Perhaps it started with the Pharaohs, but in recent history it was Carnegie and Rockefeller, and currently the leader is Bill […]

THE TAXMAN COMETH FOR WAL-MART…

Saturday, October 13th, 2007

In Busti, New York, the folks around town just think that Wal-Mart ought to pay its fair share; pick up its end of the load. But of course Wal-Mart has taken exception. It thinks it shouldn’t pay more in taxes for a supercenter than it does for a regular store. From the Buffalo News: Wal-Mart […]

“[A] hovering culture vulture.”

Thursday, October 11th, 2007

Alice Walton has a new art collection to stalk, but now her m.o. is getting unwanted attention. From the Wall Street Journal: The latest nonprofit looking to its art collection to bail it out of hard times is Randolph College in Lynchburg, Va. Its Maier Museum houses an important collection of works by major American […]

Alice Walton hates Modern Art.

Tuesday, September 11th, 2007

Wouldn’t you know it? I start art blogging again and there’s actually news to report. I’m going to borrow heavily here from a post by Lee Rosenbaum in order to make sure I have the whole backstory out: In a decision that appears to look with great favor on the offer made by Alice Walton […]

The return Wal-M * art blogging.

Monday, September 10th, 2007

I’m very grateful to my colleagues here that they let me cover Alice Walton’s art buying habits in this space as it is a welcome respite from writing about retailing every day. While I can’t find the post at the moment, I seem to remember at one point stating outright that Alice Walton has lousy […]

The reason there’s an estate tax.

Sunday, July 15th, 2007

The historically-minded among you might consider reading this really interesting (but long) article from the New York Times and then asking yourself, what’s the rationale for those people who just inherit their money keeping so much of it?

Wal-Mart says to slow supercenter growth, shares jump

Friday, June 1st, 2007

From Financial Post: Wal-Mart Stores Inc. said on Friday that it will slow growth of its supercenters as it tries to improve sales at its U.S. stores and will also buy back $15 billion of stock, sending the world’s largest retailer’s shares up 4 percent. I’ve argued many times elsewhere that stock buybacks are a […]

Philadelphia School Sells a Second Eakins

Thursday, April 12th, 2007

Alice Walton gets her way after all. From the NY Times: Less than four months after Philadelphians thwarted its bid to buy “The Gross Clinic,” an 1875 masterpiece by Thomas Eakins, an Arkansas museum founded by the Wal-Mart heiress Alice L. Walton has quietly purchased another much-loved Eakins painting from the Philadelphia medical school that […]

Plutocracy and the Waltons

Wednesday, February 21st, 2007

There are a variety of discussions about the top 2/10% of the population on the blogs today. They are inspired by this piece in Rolling Stone (via alternet): Maybe We Deserve to Be Ripped Off By Bush’s Billionaires Naturally the Walton’s figure promiently in any such discussions as can be seen in this article as […]

WHICH CIRCLE DO YOU SUPPOSE THIS IS…?

Monday, January 1st, 2007

My co-blogger Jonanthan Rees has closely followed the art buys of Alice Walton of late, but here’s one piece from North Carolina artist Kate Kretz that I imagine Alice will decide doesn’t suit her refined tastes. That’s too bad. Jeff Hess: Have Coffee Will Write.

What Should Alice Buy Now?

Saturday, December 23rd, 2006

If you don’t know by now, Thomas Eakins’ “The Gross Clinic” (which I discussed here and here) will be staying in Philadelphia. The Philadelphia Museum of Art and the Pennsylvania Academy of Fine Arts had to take out bank loans to meet Alice Walton’s and the National Gallery of Art’s $68 million bid, but they […]