Art Basel, the international modern- and contemporary-art show known for its focus on high-end works and wealthy patrons, has joined with Kickstarter to attract investment in smaller, experimental cultural projects, writes The New York Times. Launched three months ago, the effort has raised more than $160,000 for nonprofit arts organizations through dedicated pages on the crowdfunding Web site.
Participating projects are vetted by three jurors selected by Art Basel, the Miami Beach edition of which opened December 4. The effort aims to harness the resources of the powerful art-world players who flock to Florida for the show. "I would like to think it is a harbinger of possibilities of the crowdfunding of modern art," said Marc Spiegler, director of Art Basel.