Art Industry News is a daily summary of the most important developments in the art world and the art market. Here’s what you need to know on Tuesday, June 14.
NEED TO READ
Puppies Puppies to recreate Ana Mendieta’s performance in Basel – With the Parisian gallery Balice Hertling, the artist Puppies Puppies will recreate the Untitled (Rape) from 1973, a work not suitable for those under 18. The “constellation” of performances begins with a two and a half hour “experimental lecture” on traumatic experiences. (ART news)
Uffizi Nets €70,000 By Michelangelo NFT Sold For €240,000 – The sale of an NFT based on the famous painting by Michelangelo Doni Tondo sold by the Uffizi last year fetched €240,000, but the Italian museum only pocketed €70,000. The rest went to Milan-based company Cinello, which minted the painting, and the production of the digital artwork. The revelation adds to the ongoing debate in Italy over who owns and profits from art in the age of the metaverse. (The arts journal)
Kim Kardashian seems to have damaged Marilyn Monroe’s dress – If all the Met Gala-Kim Kardashian furor has taught us anything, it’s this: always listen to the restaurateurs! Turns out they were right to worry about the safety of Marilyn Monroe’s historic dress after Kardashian wore it on the red carpet. Although Ripley’s Believe It or Not, who lent the dress to Kardashian, denied any damage, new side-by-side photos allegedly from before and after the Met Gala show signs of stretched fabric and missing crystals . (Page 6)
MCH refinances – After being hit hard by the pandemic, MCH Group, the parent company of Art Basel, is renewing its investments. Its two reference shareholders – the canton of Basel-City and Lupa Systems (owned by James Murdoch) – have undertaken to invest between 27 and 34 million francs each. MCH said this will “secure liquidity for the refinancing of [MCH’s] Obligation of 100 million francs and the further development of the company.» The Basel-Stadt parliament still has to approve the investment. (TANNING)
MOVERS AND SHAKERS
Biden signs bill to move forward with AAPI museum – The US president signed what he called a “long overdue” bill to create a commission to study the establishment of a national museum of American history and culture in the Asia-Pacific. The legislation follows a similar trajectory charted for the National Museum of African American History and Culture, which was created by an act of Congress in 2003 and opened to the public in 2016. (CNN)
Chief Curator of Contemporary Aldrich Names – The museum in Ridgefield, Connecticut has promoted Amy Smith-Stewart to the position of chief curator, making her the first woman to hold the position since the institution’s founding in 1964. Smith-Stewart is a curator at the ‘Aldrich since 2013, holding his first solo exhibitions for artists such as Genesis Belanger, Lucia Hierro and Eva LeWitt. (art forum)
Stanley Whitney leaves Lisson to join Gagosian – The acclaimed abstract painter, whose market has been on the rise for the past few years, will now be represented by Gagosian. The New York-based artist will have his first exhibition at his Grosvenor Hill space in London next year. Whitney is leaving the Lisson Gallery, which has represented him since 2015. (ART news)
Photographer Tarek Al-Ghoussein dies at 60 – The Kuwaiti-Palestinian photographer was best known for his documentary-style landscape photographs of abandoned spaces. Sometimes Al-Ghoussein would fit into images wearing a traditional Palestinian headdress. A cause of death was not immediately available. (The arts journal)
Ban on exporting Duke’s Poussin painting – The British government blocked the The Duke of Rutland’s plan to sell an award-winning painting to maintain his castle. Confirmation by Nicolas Poussin has found a buyer outside the country for £19m ($23m), but officials say the 400-year-old religious painting deserves to stay in the UK for the benefit of the public. They have appealed to a domestic buyer to come forward and match the price. (Telegraph)
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