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 Wednesday, March 22.
NEED TO READ
AI-generated work is not eligible for copyright – The US Copyright Office has issued a policy stating that if the traditional elements of authorship of an AI-generated work were produced by a machine, the work lacks human authorship and will not be eligible for copyright. registration of copyright. However, if a human can be shown to have contributed a significant creative effort to the end result, they will be eligible. Expect plenty of lawsuits over this in the near future. (The register)
HSBC launches an Art-Finance offer – The bank is piloting a service in Hong Kong that enables its wealthy customers to obtain loans using “passion assets” such as works of art as collateral. The bank is promoting it this week, during Hong Kong Art Week, through a series of events, including a dinner hosted by none other than Pharrell Williams. (SCMP)
The museum tilts the paintings as a commentary on the climate crisis – In a clever commentary on global warming, the Leopold Museum in Vienna, Austria, has rotated 15 of its paintings by “a few degrees” to represent the degrees to which planetary temperatures could rise due to the climate emergency. Famous works by artists like Egon Schiele and Gustav Klimt now hang on a slope; this same museum was the scene of an action by climate activists, who poured oil on a Klimt painting (it was protected by glass) in November. (Monopoly)
Biden designates two new monuments – US President Joe Biden has designated Avi Kwa Ame National Monument in Nevada and Castner Range National Monument in Texas. The move will protect approximately 515,000 acres of public land. The Avi Kwa Ame area, a mountain sacred to many local indigenous tribes, was considered by energy developers for a wind farm, but those plans were dashed by national monument status. (Courthouse News)
MOVERS AND SHAKERS
Richard Mille Art Prize awarded – Rand Abdul Jabbar is the winner of the second Richard Mille Art Prize and accompanying $60,000 prize, awarded at a ceremony at Louvre Abu Dhabi. The Iraqi-born, Abu Dhabi-based artist’s work “engages with historical narratives and memory”. (TANNING)
Export ban extended for Sir Joshua Reynolds Portrait of Omai – In an effort to keep a work on its soil, the British government extended an export ban on the 1776 Portrait of Omai, a painting of a Polynesian man who was brought to England by Captain Cook in the 18th century. The portrait is able to stay in the UK until June 10, purchase additional time at the National Portrait Gallery to raise a total of £50m ($60m) – so far he has raised £25m ($30.5m) which he needs to keep the job. (Press release)
Director of Corporate Gallery Names – Former Hauser and Wirth director Jed Hector has joined the Company team, where he will work with partners Sophie Mörner and Taylor Trabulus. (Press release)
Nino Meier plans a second outpost in New York – Following the opening of his outpost in Soho, Nino Meier has planned a new location in Tribeca which is slated to open in May 2023. (ART news)
FOR ART
Do we like the “We ❤️ NYC” logo? – The new logo launched by the Partnership for New York is intended to reference Milton Glaser’s original (and beloved) design, but also to “push it in a different direction.” The new logo was designed by artist Ryan McGinness, who offered his services for free and released a statement outlining his decisions regarding breakages and fonts. (new York) (New York Times)
Digital billboards displaying the new logo on March 20, 2023 in Times Square as a reminder of a famous logo that was designed by legendary graphic designer Milton Glaser in 1976 to promote New York during tough times. Photo by Selcuk Acar/Anadolu Agency via Getty Images.
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