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 this Friday, April 21.
NEED–FOR–READ
Bernard Arnault’s succession plan – As in a real HBO show, the French billionaire auditions his five children to decide who will take his place at the head of the luxury conglomerate LVMH. (WSJ)
Artist Harold Riley dies at 88 – The British artist is known as the only portrait painter for whom Nelson Mandela ever posed. Other world famous public figures Riley has painted include the late Duke of Edinburgh, John F Kennedy and Pope John Paul II. (BBC)
Annie Leibovitz for Ikea – The American photographer has been announced as Ikea’s first artist-in-residence. The focus of his project will be to use his lens to capture the everyday reality of how normal people live in their homes around the world. (Wallpaper)
Frank Lloyd Wright Home hits the block for $8 million – A unique 10,405 square foot home built by the iconic American architect in 1929 in Tulsa, Oklahoma has hit the market. The facade features columns of glass panels and brickwork in Wright’s “textile” design, as well as five bedrooms and 4.5 bathrooms. (ART news)
MOVERS AND SHAKERS
DMA acquires 12 works from the Dallas Art Fair – The Dallas Museum of Art added 12 works to its collection thanks to a generous acquisition fund of $100,000 donated by the Dallas Art Fair Foundation, through a program established in 2016. New acquisitions include works produced as recently as 2023 by Riley Holloway, Nishiki Sugawara-Beda and Yowshien Kuo. (The arts journal)
GCC expands to New York – Ahead of Earth Day on April 22, the Gallery Climate Coalition, an international community of arts organizations working to address environmental impacts, is launching in New York at the Guggenheim. The founding committee made an open call for arts professionals in the city to join the coalition. (Press release)
David Salle joins Gladstone Gallery – The gallery will represent the New York painter in the United States, taking over from the Skarstedt Gallery. Lehmann Maupin will oversee the Hall market in Asia while Thaddaeus Ropac continues to represent it in Europe. (ART news)
Iceland announces plans for the Venice Biennale – The latest announcement ahead of next year’s Venice Biennale is a collaboration between Reykjavick-based artist Hildigunnur Birgisdóttir and American curator Dan Byers for the Icelandic pavilion. The duo will present a series of sculptural works. (Press release)
FOR THE ARTS
A Jazzy Basquiat at Sotheby’s – A unique work in the artist’s oeuvre, Basquiat’s 1985 ode to jazz is expected to fetch more than $30 million when auctioned at Sotheby’s New York Contemporary Auction in May. The composition of the work is an homage to the vinyl pressing of a 1945 song of the same name by Charlie Parker, one of Basquiat’s idols. (Press release)
Jean-Michel Basquiat, It is time (1985). Photo courtesy of Sotheby’s.
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