Turkey Leaves EU Cultural Fund, Paris Opens Street Art Museum

ISTANBUL, TURKEY - DECEMBER 14: A ferry is seen on route to the Asian side on December 14, 2015 in Istanbul, Turkey. Istanbul in Turkey's northwest is the only city on earth spanning two continents. The Bosphorus, a small stretch of water divides Europe from Asia. Istanbul's world famous ferries are one of the most popular ways to get around the city, it is estimated that more than 300,000 people take the ferry to work each day.

Istanbul, Turkey. Chris McGrath/Getty Images

Turkey withdraws from European Union cultural funding program. Starting in 2017, Turkey will no longer receive grants from Creative Europe.

France’s first museum of street art opens in Paris. A 40,000-square-foot museum dedicated to French street artists opened on October 1, and features works by JR, Jacques Villéglé and more.

Chinatown culture collective projects anti-gentrification signs to protest newly opened galleries. The Chinatown Art Brigade—Betty Yu, Tomie Arai and ManSee Kong—are organizing against the neighborhood’s new art world tenants, which they say are displacing longtime residents and raising rents.

Art collector Stefan Simchowitz spends £5 million on works from British art dealer Leslie Waddinton’s collection. Market blogger Marion Maneker points out that Colin Gleadell spotted known art flipper throwing down at Christie’s London on Tuesday. Simchowitz snapped up works by Josef Albers, Robert Motherwell, Fracis Picabia, Joan Miró and Pablo Picasso.

Turkey Leaves EU Cultural Fund, Paris Opens Street Art Museum