-
Kenya's economy faces climate change risks: World Bank
-
Indonesian economy comes up for air but struggles to win back investors
-
Trump says US-Iran deal to be signed Sunday, Hormuz to open after
-
Between Trump and a hard place: Fed chair Warsh to lead first rate meeting
-
High-school drop out to big time crime boss, Venezuela's 'Nino Guerrero'
-
US-Iran deal could be finalised soon, mediator Pakistan says
-
Thousands gather in Thai capital to mourn late princess
-
US says downed multiple Iran drones as both insist deal closer
-
SpaceX: Five key moments, from first launch to Starship megarocket
-
US clears Paramount's $111 bn Warner Bros. takeover
-
Iran and US say deal closer than ever
-
Cuba opens more sectors to private business
-
World Cup struggles to ignite US excitement
-
US appellate court upholds Sam Bankman-Fried criminal sentence
-
France bids farewell to girl, 11, whose killing sparked outrage
-
Wall Street wobbles as SpaceX shares launch, oil slides on Mideast deal hopes
-
SpaceX lifts off in record Wall Street debut
-
US deportation flight carrying Iranians en route to C.African Republic
-
At a Libyan university once ravaged by war, students dream again
-
Kenya mourns schoolgirls killed in suspected dorm arson attack
-
Stocks rally, oil slides on Mideast deal hopes
-
'All of us of are migrants,' pope says in Canary Islands
-
Switzerland split on immigration vote: four perspectives
-
Thai princess dies aged 47 after three years in hospital
-
Science fiction? Musk's lofty SpaceX goals unrealistic, skeptics say
-
Asia stocks up, oil down on Mideast deal hopes
-
From cage fights to the White House, UFC marches into mainstream
-
Pope ends Spain visit with migrant meetings
-
Ex-Tottenham owner sells art collection in blockbuster auction
-
Antarctic Peninsula sees record high June temperatures
-
US stocks rally, oil prices fall as Trump calls off fresh Iran strikes
-
SpaceX to make historic IPO that could make Musk a trillionaire
-
El Nino is back, but its effects vary widely
-
First leather bag from T-Rex cells to be auctioned in Paris
-
Four times as many icebergs calved from Greenland glaciers: study
-
Stocks rebound, oil wavers as traders weigh Iran, rates outlook
-
Niger criminalises same-sex relations with jail terms
-
Smuggled dinosaur fossils return to Mongolia after two decades
-
Over 260 Nigerians fleeing xenophobic attacks in S. Africa return home
-
Pope condemns 'indifference' towards migrants on Canaries trip
-
Sweden withdraws controversial proposal to jail 13-year-olds
-
Economic pressures 'manageable': Indonesian deputy finance minister
-
Scientists warn of record heat, threats to climate monitoring
-
Sweden withdraws disputed proposal to jail 13-year-olds
-
UK probes Ryanair over fees for parents to sit with children
-
Suspense surrounds Swiss anti-immigration vote
-
Rising costs and competition threaten GoPro
-
A taste of home: Zimbabwe restaurants revive traditional food
-
AI gold rush upends San Francisco housing market
-
The Indian workers training AI robots to take their jobs
Brit Gala? British Museum to host first fundraising ball
The British Museum hosts its inaugural fundraising ball on Saturday, a glitzy event that has been touted by many observers as London's answer to New York's Met Gala.
The museum, which boasts one of the largest permanent collections on the planet, said the ball aims to "celebrate London's status as one of the world's leading cultural capitals" and become a new fixture of its social calendar.
The theme, less ambitious than the Met's elaborate fashion cues, is "pink" -- inspired by the "colours and light of India" as the museum's exhibition on "Ancient India: living traditions" draws to a close.
It will be chaired by arts patron Isha Ambani, daughter of Asia's richest man Mukesh Ambani and a director on the board of his oil-to-technology conglomerate Reliance.
The ball's committee features veteran British supermodel Naomi Campbell, Italian fashion designer Miuccia Prada, Spanish designer Manolo Blahnik and Bollywood actress Sonam Kapoor.
Helen Brocklebank, CEO of British luxury sector body Walpole and on the ball's organising committee, said London's social calendar has "always lacked a big crescendo moment... until now".
Describing the ball as "Met Gala ambition with UK uniqueness", Brocklebank said on social media that the event is "set to become London's centrepiece".
Highlighting the involvement of prominent writers, artists and architects, British Museum director Nicholas Cullinan has insisted the ball will stand apart from New York's Met Gala.
The London event will be "a celebration not only of this extraordinary institution and our shared humanity, but of our city and country", he said.
The ball will also be far cheaper than the Met Gala.
Tickets to the fundraiser were sold privately to around 800 people, costing £2,000 ($2,685) per head, compared to the whopping $75,000 price tag for a Met Gala pass.
Attendees will enjoy a drinks reception and dinner seated amid the museum's artefacts -- including in the Duveen Gallery which houses the disputed Parthenon Marbles -- with a silent auction running through the evening.
On auction will be a portrait of the highest bidder's pet by British artist Tracey Emin and access to Coco Chanel's Paris apartment, Cullinan told The Financial Times.
- 'US-style' -
The museum said the ball, which will coincide with the London Film Festival and Frieze Art Fair, will help raise "vital funds" for its international partnerships, including plans to host the 11th-century Bayeux Tapestry next year, on loan from France.
Like others in the UK, the British Museum has been hit by shrinking government subsidies over the last two decades, and is also likely eyeing new private funding streams for a massive £1-billion redevelopment project.
But it has also faced criticism from climate groups for a long-standing partnership with oil giant BP, after other institutions including the National Portrait Gallery in London cut ties.
"As the UK government continues to slash public funding for museums, the country's cultural institutions are rushing to adopt US-style fundraising models, including galas and endowments," museum reporter Jo Lawson-Tancred wrote on art market website Artnet.
Just this year, London's National Gallery secured unprecedented private funding for its expansion following a fundraising campaign, while the Tate launched an endowment fund to secure its "long-term future".
M.Mendoza--CPN