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, May 31.
NEED TO READ
Two Nazi sculptures to see in the German museum – On September 10, a horse sculpture will join one already on display at the German Historical Museum in Berlin as part of efforts to confront the country’s Nazi past. The works will be brought together in permanent exhibition alongside other problematic works of art. The carvings, The sacrifice And Camaraderie were commissioned by Adolf Hitler’s chief architect, Albert Speer. (Deutsche Welle)
Portrait of Francis Bacon to split – ARTEX MTF, a stock exchange, has announced that it will list and market the artwork Three studies for a portrait of George Dyer by Francis Bacon from 1963. The work, valued at approximately $55 million, will be offered to investors in the form of $100 common stock through a public offering on the ARTEX MTF platform. The investment opportunity is expected to launch on June 19 and July 19. (Press release)
Inside art collector Joe Nahmad’s $12.9 million wedding Stars such as Leonardo DiCaprio, Tom Brady, Serena and Venus Williams were among the guests at the wedding of billionaire art collector Joe Nahmad and model Madison Headrick over the weekend of May 27 in Costa Smeralda, Sardinia. The lavish celebration cost 12 million euros (about $12.9 million), according to an Italian report. (page 6)
Winston Churchill’s WWII-era cigar hits auction block A cigar smoked nearly 80 years ago, and kept in a glass jar ever since, is set to be auctioned off. Britain’s wartime leader gave a half-smoked cigar to Hugh Stonehewer-Bird, Consul General in Rabat, Morocco, between 1943 and 1945. It is set to go on sale with Derbyshire-based Hansons Auctioneers on June 16 with an indicative price of £600 to £. 900. (evening standard)
MOVERS AND SHAKERS
Drew Sawyer heads to Whitney to lead the photo department – Curator Drew Sawyer is leaving his post at the Brooklyn Museum to become curator of photography at the Museum of Midtown Manhattan starting in July. While in Brooklyn, Sawyer curated exhibitions by artists such as Jimmy DeSana and John Edmonds, and will open the upcoming “Copy Machine Manifestos: Artists Who Make Zines” exhibition at the Whitney. (ART news)
Susumu Kamijo joins Venus Over Manhattan – Japanese-born, New York-based artist Susumu Kamijo joins the stable of Manhattan Gallery, where he recently had a solo exhibition in October 2022. The artist’s playful and colorful compositions often incorporate poodles and other flora and fauna. (Press release)
Anicka Yi joins Esther Schipper – In other gallery news, the concept artist is now represented by a Berlin-based gallery in addition to New York’s Gladstone Gallery. Yi was shortlisted for Tate Modern’s prestigious Turbine Hall commission in 2021; his first solo exhibition with the new gallery will take place in September. (Ocula)
FOR ART
ARCOlisboa successfully concludes 6e Editing – The Lisbon-based fair closed the sixth edition of its event, the most international to date with 86 galleries from 23 countries, a 32% increase on last year. More than 13,000 visitors attended the Cordoaria Nacional space fair, surpassing pre-pandemic numbers. (Press release)
More trending stories:
Sculpture depicting King Tut as a black man sparks international outrage
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