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, July 21.

NEED TO READ

The Williams sisters will auction the work of Ernie Barnes on the Joopiter platform – The tennis legends and their sister Isha Price handed over two paintings, detention court (1986) and mentors (2008) and two drawings for sale at Pharrell Williams’ First Digital Auction House held July 24-August 1. The paintings have a combined pre-sale estimate of between $80,000 and $180,000. (ART news)

Climate activists attack Nancy Walton’s yacht – Two activists from the Spanish environmental group Futuro Vegetal have vandalized the Walmart heiress’ $300million yacht in the style of climate protests at art museums. Members of the group, who staged high profile events at cultural institutions such as the Prado Museum in Madrid last November, splashed red and black paint on the yacht in Ibiza. They were arrested and detained for a day. Walton comes from a family of well-known art collectors and patrons. (ART news)

Johnny Depp sells a self-portrait – THE Pirates of the Caribbean star sells prints of his titled self-portrait Five, which pays homage to a portrait made for a Dior Sauvage campaign in 2015. The title refers to the “fifth year of a difficult time in her life” when the work was conceived in 2021, and was created “as a means of creative healing”, by Castle Fine Art, which sells time-limited edition prints until August 1, priced at £1,950 ($2,506). Depp has already released a limited edition series titled “Friends & Heroes” in July 2022 and a follow-up series earlier this year, all of which have been sold. (evening standard)

Other climate activists fined – Two activists, ages 22 and 29, were each fined €1,500 ($1,669) for “common property damage” for sticking to Raphael’s frame. The Sistine Madonna at the Old Masters Picture Gallery last year in Dresden, Germany. (Monopoly)

MOVERS AND SHAKERS

Pollock-Krasner Foundation Announces Grants – Nearly $3 million in grants will be awarded to 93 artists and nonprofit organizations for the 2022-2023 year. Winners include artists like Shahzia Sikander and Alex Heilbron, and organizations include Artadia, SculptureCenter, Whitechapel Gallery and Yaddo. (art forum)

Best Architecture Award Encourages Reinvention – The Royal Institute of British Architects has launched a new award that focuses on revitalizing existing buildings instead of tearing them down and building flashy new structures. The shortlist includes the Holborn Community Association, the Houlton School in Rugby and the University of Wolverhampton School of Architecture and Built Environment. (Guardian)

The Black Curatorial Fund accepts application – The Fly Me Out Fund, supported by Black Curatorial, Art Fund and Arts Council England, is calling for applications for its second edition. The fund is open to black curators and artists based in Barbados or Jamaica, as well as UK-based curators. The application deadline is August 10. (Press release)

FOR ART

Restoration of 16th century tapestries – After nearly a quarter of a century, the National Trust has completed the restoration of 13 Gideon tapestries dating from the 16th century. Located at Hardwick Hall in Derbyshire, the 19ft high and nearly 330ft wide works took 24 years to complete, the longest conservation project ever undertaken by the Trust. (Guardian)

More trending stories:

Artist Stuart Semple Launches Ultra-Fluorescent Pink ‘Barbie-Ish’ Paint to Protest Mattel’s Trademark on Color

An Australian photographer has been disqualified from a photo contest after her submission was mistakenly deemed to be AI-generated

Artist Tara Geer uses hundreds of pencils a day to create charcoal drawings in her Harlem studio, a dog by her side

Renowned art dealer Massimo de Carlo has revealed plans for a monumental private art foundation in Italy. Here’s what we know

Artist Michael Moebius sues fast fashion retailer Shein in landmark case for artists taking on multinational corporations

He overpaid, outbid himself, and hid a Monet in his basement. Here’s what we still have to learn from visionary art dealer Joseph Duveen

Two 10th-century stone idols, which were stolen from a temple in India and found in a garden shed in the UK, will be repatriated

How Indie Band Manchester Orchestra brought their latest album to life by mixing music and immersive VR art

Influencers are realizing that AI may not be a magic money-making machine for artists after all

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