A NEW HOF CLASS: Larry Hagman, SMU grad Powers Boothe, Twilight director Catherine Hardwicke and Billy Bob Thornton were all inducted into the Texas Film Hall of Fame last night in a ceremony in Austin. While the event was designed to honor its newest members, it didn’t take long for the talk to turn to film incentives for the state.

Joe O’Connell reports on GuideLive.com that Hagman played up his J.R. image by parading around the Capitol this week, handing out $10,000 bills with his face on them.

“You have all these fans here and you’re going to get your money back a hundred times over,” Hagman said at the event, which serves as the unofficial kickoff to the South by Southwest Film Festival.

Check in on Art&Seek all weekend long as I’ll be blogging from the festival.

MEASURING SUCCESS IN THE NEW ECONOMY: If you own a gallery, obviously the primary goal is to make money on the art you sell. That’s how you are able to call yourself a “gallery owner” instead of a “former galler owner.”

But Mike Gerra, who owns art251 in Keller with his wife, Kim, is rethinking how he evaluates the shows in his space. On his always thoughtful blog, he writes that he’s thinking about additional ways to succeed:

“We measure the local ‘art health index’ (AHI). The AHI is a quantitative measure of the following: smiles on the faces of our customers; periods of quiet contemplation looking at new art; sighs of satisfaction from the artist whose work we are featuring for the first time; simultaneous conversations about art; art teachers within the space; average time visitors spend looking at artwork; ratio of small shoe size (kids) to large shoe size (adults); and of course, empty wine glasses and Italian soda bottles.”

Mike says in time he’ll chart the AHI trends in his space and predicts that the news on that front will be good.

RIP, HANK LOCKLIN: Country singer Hank Locklin, who performed with the Grand Ole Opry, died earlier this week at the age of 91. Well before he was a country radio hitmaker, he played guitar as a teenager on the radio. One of the stations he regularly performed on was Dallas’ KRLD.