Art Industry News is a daily digest of the most consequential developments coming out of the art world and art market. Here’s what you need to know this Wednesday, June 7th.

NEED-TO-READ

Andrea Fraser Exposes Museums’ White-House Ties – With the aim of exposing how museums in the US “are a product of plutocracy,” Fraser’s latest project documents which patrons and trustees also donated to political campaigns—including Trump’s—in 2016. The book, funded by collectors Thea Westreich Wagner and Ethan Wagner, will be out by the end of the year. (The Art Newspaper)

Uh Oh, Congresswoman Wants to Keep Fearless Girl – While some view the work as an ill-conceived marketing ploy, Rep. Carolyn Maloney of New York sees it as a “testament to women” that should stay right where it is, across from Charging Bull in New York’s Financial District. (dnainfo)

On the Eve of Elections, UK’s Museums Fear a Hard Brexit – Around 15 percent of employees of the country’s top arts institutions—like the British Museum, V&A, and Tate—hail from the European Union. Experts say a hard Brexit could threaten museums’ ability to recruit and retain key European staff. (TAN)

Read Up on the Rise of Kasper König – Before Skulptur Projekte Münster opens on June 10, ARTnews profiles its founder and curator. König got his start in downtown New York City in the 1960s, where he came to be known as the “James Bond of the art world” and snuck into Marcel Breuer’s Whitney building while it was still under construction. (ARTnews)

Walker Art Center Director Takes ‘Full Responsibility’ For Scaffold – In the wake of the controversy over Sam Durant’s sculpture, Olga Viso opens up about the curatorial process that led to the work’s acquisition and how she plans to engage with public artwork and the local community in the future. (StarTribune)

ART MARKET

Is Dansaekhwa the Next Art Market Bubble? – Dansaekhwa, a style of art that emerged in Korea in the 1970s, has become the next hot thing in the market, with shows at White Cube and Lisson Gallery in London and Pace Gallery in New York. But how long will its meteoric rise last? (Telegraph)

Dealer’s Manhattan Apartment Sells for $55 Million – Robert H. Ellsworth, a legendary dealer of Asian art, died in 2014. His massive Fifth Avenue apartment down the street from the Metropolitan Museum of Art was the most expensive closed sale for the month of May. (New York Times)

PAD London Announces First-Time Exhibitors – Eleven new galleries from the UK, Belgium, Spain, and elsewhere in Europe will showcase their wares at PAD, London’s art and design fair. Their addition brings the total number of galleries participating this October to 67. (Press release)

COMINGS & GOINGS

Armory Show Taps Museum Vets to Curate Special Sections – The New York City art fair has announced that the Minneapolis Institute of Art’s Gabriel Ritter will oversee its Focus section, while the MCA Chicago’s Naomi Beckwith will chair a new curatorial leadership summit and independent curator Jen Mergel will organize a display of site-specific artworks. (artnet News)

Jason T. Busch Joins New York’s Jason Jacques Gallery – Busch, a former curator of decorative arts at the Wadsworth Atheneum and the Minneapolis Institute of Art, will become director of New York’s Jason Jacques Gallery. (Press release)

Expansion Complete at Venice’s Peggy Guggenheim Collection – Begun in 2014, the project—which included the construction of two new galleries, an education center, a sculpture exhibition space, and a garden—has concluded, just in time for high tourist season. (Press release)

Sobey Art Award Announces Prize Shortlist – Along with increasing the award’s prize money to to $110,000, the Sobey Art Award has revealed Ursula Johnson, Jacynthe Carrier, Divya Mehra, Bridget Moser and Raymond Boisjoly to be on the shortlist. The winner will be announced on October 25 in Toronto. (Press release)

FOR ART’S SAKE 

Dan Colen to Have First Major Solo Show in London – Damien Hirst is giving fellow bad-boy-made-good artist Colen his first major one-person exhibition in London at Hirst’s Newport Street Gallery in October. (TAN)

Artist Turns Trump’s Infamous Tweeting into Stress Relief – The Austrian artist Martin Roth has installed a subterranean lavender field in the Austrian Cultural Forum in Manhattan. Its light is powered by Donald Trump’s tweeting frenzies. (Salon)

Alejandro Iñárritu’s Virtual Reality Installation Makes its Public Debut – The legendary film director’s VR experience, CARNE y ARENA (Virtually Present, Physically Invisible), which lasts six and a half minutes, will be on view at the Fondazione Prada in Milan through January 2018 following its debut at Cannes. (Press release)

FROM OUR PARTNERS

Leiko Ikemura’s “Woman of Fire Dancing With Tree”
Galerie Karsten Greve
Cologne, Germany
April 21 – June 24

Marking the 30th anniversary of an intimate collaboration between the Japanese artist Leiko Ikemura and Galerie Karsten Greve, this show presents a rich array of the artist’s dreamlike paintings, sculptures, and works on paper.

An installation view of Leiko Ikemura’s show at Galerie Karsten Greve

New paintings in the show

Another view of the show