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, May 5.
NEED TO READ
Matthew Barney is planning a video installation on American football – The artist is about to create an epic new video installation, titled Secondary, at his Long Island City studio on May 12. Barney, who was an athlete himself, said it offers a description of “the complex layering of violence and spectacle inherent in American football, and more broadly in American culture.” The work, which includes material-based choreography, will be installed around a flooded trench in the studio floor. (ART news)
V&A To Platform has “Stock Exchange for Art” – Artex, a new online organization operating as an ‘art exchange’, is making its first initial public offering to the Victoria & Albert Museum at the end of this month, with works available worth over £50 million. euros ($55.2 million). The Liechtenstein-based company owns all of the artwork and will issue shares worth €100 ($110) each, which can be bought, sold or traded on the Artex stock exchange, and shareholders are limited to one stake 10% in each piece. (The arts journal)
Petition launched for UK to return Star of Africa – South Africans have called on the UK to return the world’s largest diamond, which is set in the royal scepter to be used at the coronation tomorrow, to Africa. The 530-carat diamond, known as Cullinan I or the Star of Africa, was gifted to the monarchy by the British colonial government in South Africa in 1905, after it was discovered there. (Reuters)
Documentary explores the art and life of David Hammons – the documentary by Harold Crooks and journalist Judd Tully on the artist, The melting goes on forever is currently showing at the Film Forum. Critic Wesley Morris notes how the film’s “rich initial interpretative consideration of Hammons’ essence, philosophy, and process,” including by many black critics and artists, ultimately yields screen time to the views of gallerists, wealthy (white) collectors and dealers, leading him to read the film itself as a concept piece, playing on how Hammons’ work is aware of “stakes for black people navigating the straits of the market.” (New York Times)
MOVERS AND SHAKERS
The Museum of the City of New York creates a new curator position – Angel (Monxo) Santiago-López became Latinx’s first permanent curator. The role was funded by a grant from the Leadership in Art Museums coalition of foundations working to diversify leadership roles. (yahoo)
Queen’s coronation diamond brooch fetches $88,000 – Sotheby’s has sold a diamond brooch that once belonged to the late Queen for £69,850 in a coronation-themed auction. The piece was given by the Queen to one of her coronation bridesmaids. (evening standard)
Armory Show names participants – More than 225 galleries will head to New York’s Javits Center in September for the 2023 edition of The Armory Show, with 140 galleries returning to the fair. Sections will include a “Solo” section for feature films by a single artist; “Gifts” for galleries created less than ten years ago; and the “Focus” section curated by Candice Hopkins. New York-based No Gallery is the recipient of the Gramercy International Prize, which is a free stand awarded to a local gallery making its debut at the fair. (art forum)
FOR ART
New prints by Patrick Caulfield – Coinciding with an exhibition on British post-war artist Patrick Caulfield on May 18, Josh Lilley Gallery is releasing a new edition of posthumous serigraphs titled Crazy Laforguer produced by the Caulfield family to mark the 50th anniversary of a collection of poems by Jules Laforgue which Caulfield had illustrated during his lifetime. (Press release)
Patrick Caulfield, Untitled Laforgue Print 24 – (Broken Window). An edition of 100. Published by Patrick Caulfield Editions. Printed by Make-Ready, 2022.
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