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 Monday, May 22.
NEED TO READ
The Historic Warhol Decision of SCOTUS – That of the Supreme Court historic decision against Andy Warhol’s series that used Lynn Goldsmith’s Prince image could have a chilling effect on artists doing “appropriation art”, writes critic Blake Gopnik. Although the ruling appears to narrow the decision to a licensing issue – the Warhol Foundation’s non-payment of licensing fees for the image in 2016 – it may still have a major impact on those who create art of this way because they failed to recognize the importance of transformative copy. (New York Times)
Impact of the Greek Elections on the Parthenon Marbles – Greek Prime Minister Kyriakos Mitsotakis has been actively pushing for the return of the Parthenon Marbles and has been negotiating with the British Museum for months over various possible solutions. But if his New Democracy party does not win Sunday’s election, it could impact the progress of talks with the British institution, as the party’s rivals prefer different approaches to the current issue. (New York Times)
Golden Lion for the Brazil Pavilion – Brazil’s “Terra” (Earth) pavilion, curated by Gabriela de Matos and Paulo Tavares, received the highest honor at the 18th Venice Architecture Biennale, which delves into decolonization and decarbonization. The Golden Lion for best participant went to the DAAR architecture studio, run by artists Alessandro Petti and Sandi Hilal, for its exhibition “The laboratory of the future.” (Monopoly)
The art market correction – Several signs observed during the New York auction and fair season point to a market experiencing a correction, or even a sharp slowdown. Industry insiders said rising interest rates and falling demand for housing are among the factors contributing to a “diminished appetite” to buy art. Galleries are faced with calls from clients to adjust their prices in a context of falling auction prices. (The arts journal)
MOVERS AND SHAKERS
Italy denies entry to Ghanaian conservatives – Lesley Lokko, the first person of African descent to curate the 18th Venice Architecture Biennale, said the refusal of entry of the three Ghanaian curators who are part of her curatorial team was the “ugly backside” of the Italian immigration policy. Italy’s ambassador to Ghana, Daniela d’Orlandi, who refused to issue visas to the three Tories, said Lokko was trying to bring ‘non-essential young men’ to Europe. (The arts journal)
Shortlisted Museum of the Year – The Burrell Collection in Glasgow, the Leighton House and Natural History Museum in London, the MAC in Belfast and the Scapa Flow Museum in Orkney have been shortlisted as Art Fund Museum of the Year. (Press release)
Two new museums for Saudi Arabia – Incense Road contemporary art institution and museum are among ’15 cultural assets’ to be showcased as part of 15-year development plan for northern AlUla heritage region -western Saudi Arabia. (The arts journal)
The big De Kooning show will be held in Venice – The Gallerie dell’Accademia will organize a major exhibition by Willem de Kooning next year to coincide with the launch of the 60th Venice Biennale. The show, hosted by Gary Garrels and Mario Codognato, will open April 16, 2024. (Press release)
FOR ART
Nicholas Galanin unveils a new public sculpture — The new public sculpture by Tlingit and Unangax artist In every language there is Land / En cada lengua hay una Tierra (2023), made from the steel used in the construction of the wall along the US-Mexico border, is a project of the Public Art Fund in Brooklyn Bridge Park.
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