Art Industry News is a daily summary of the most important developments emerging from the art world and the art market. Here’s what you need to know on Friday, September 16th.
need to read
Poland requests the return of paintings looted by the Red Army Poland’s Culture Minister Piotr Gliński has announced that the country will formally ask Russia to return the seven paintings stolen by the Red Army during World War II after Moscow ignored 20 previous requests to return thousands of other stolen pieces. The Seven Paintings are works by Italian artists dating back to the 14th-18th centuries and are currently in the Pushkin State Museum of Fine Arts. (guardian)
Ethereum transitions to an energy efficiency model The platform that powers cryptocurrency Ether (ETH) has made the biggest change since its inception, as it upgraded through a process called “merging,” which allows the platform to reduce power consumption by a whopping 99.95 percent. By switching from a Proof of Work model to a Proof of Stake model, miners are no longer required to burn energy to add to the blockchain. (Designbaum)
RM donates to LACMA – K-pop Sensation star BTS has donated 100 million Japanese yen (US$71,530) to the Overseas Korean Cultural Heritage Foundation to restore ownership. hwarot The Joseon Dynasty (1392-1910) robe (bridal gown) is now in the Los Angeles County Museum of Art. The patron of Korean art will donate another 100 million yen to the foundation to support the production of a catalog of important Korean paintings scattered in museums abroad. (art newspaper)
UK museums to shut down Queen’s funeral – Almost all UK museums will close on Monday, 19 September, for the state funeral of Queen Elizabeth II. But at least one part of some museums stays open for hours: The Tate Modern and Southbank are keeping restroom facilities open 24 hours a day to give access to those waiting in line to view the Queen’s coffin at Westminster Hall. (tan)
Engines and vibrators
Gideon Abba Joins the PES Show – The Ghanaian painter of “dream-like and mysterious” installations is the latest to join Pace’s roster ahead of its premiere at Frieze London in October. His first solo show will take place at Pace in London in the spring of 2023; He will continue to be represented at Gallery 1957 and Mitchell-Innes & Nash. (press release)
Reappointment of Eike Schmidt in the role of government – The director of the Uffizi was reinstated for a four-year term in his other position as head of the Religious Buildings Trust. The fund includes about 840 churches, archaeological sites, and museums throughout Italy. (in Tuscany)
Lower Manhattan Cultural Council appoints president Craig T Peterson has been named the new president of the Manhattan Cultural Council after a six-month national search. Peterson previously served as Vice President of Visual and Performing Arts at Henry Street Settlement and Director of the Abrons Center for the Arts. His new role began on October 17. (press release)
Raghu/Wright merges with Chicago auction house – Raghu/Wright has acquired Chicago-based auction house Toomey & Co in an effort to provide more options for buyers apart from the “top-level duopoly” of Christie’s and Sotheby’s. Last year, Rago/Wright merged with LA Modern Auctions. (tan)
for sake art
Home Bharti Khair Lands in Central Park – Loans, an 18-foot-tall, 24-head statue by a British-Indian sculptor commissioned by the Public Art Fund, now stands at Fifth Avenue and 60th Street entrance to Central Park until August 2023. The new bronze work takes the form of an Indian goddess and “all her children” or “other selves” ‘, according to the artist. (The New York Times)
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