Art Industry News: You’ve Heard of the Three ‘Ds,’ But These Three ‘Rs’ Are Reviving the Old Masters Market + Other Stories
Plus, a plan to keep the beloved Portrait of Omai in the U.K. is on ice, and Tony Cragg defends his decision to loan art to Turkey.
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 on this Monday, December 19.
The Paris Pastel Shop That Changed Art History – Over the past decade, a French woman and her American partner have revived a historic shop that was once at the heart of the art scene in Paris but came close to shutting permanently in the 1990s. Since 1720, the iconic Maison du Pastel has been producing handmade pastels for the world’s most beloved artists, including Degas, Whistler, and Richard Serra. (Financial Times)
Ukraine’s Museums Monitor Priceless Gold – Museums in Ukraine are taking steps to protect their holdings of ancient gold weapons and ornaments that date back to Scythian times from being looted by the Russian army. A few museum officials have managed to transfer artifacts to a safe location while others have no choice but to watch over them day and night. (Guardian)
The Three ‘Rs’ Transforming the Old Master Market – Any art-market follower worth their salt is familiar with the three Ds that motivate art sales: death, debt, and divorce. But the Financial Times has identified another set of dynamics—the three Rs—that are reviving the Old Master market: rediscovery, restitution, and reattribution. (FT)
Tony Cragg Hits Back in Turkish Censorship Row – The British sculptor has defended his decision to loan a work to the forthcoming reopening of the Istanbul Modern after facing criticism from artist Mürüvvet Türkyilmaz, who has previously withheld work from the institution over Turkey’s human rights record. “We live in an imperfect world, and if you wanted you could almost find a reason not to exhibit anywhere,” Cragg countered. (Guardian)
MOVERS & SHAKERS
Outsider Art Fair Reveals Plans for 2023 – More than 60 dealers will be on hand for the 31st edition of the New York fair next month. A special booth, “We Are Birds,” curated by fair owner Andrew Edlin and his childhood friend Randall Poster, a Grammy Award-winning music producer, will support the Birdsong Project, a bird-conservation initiative. (Press release)
Meet the “Banksy of Borovsk” – While freedom of expression has become increasingly remote for artists in Russia, Vladimir A. Ovchinnikov—referred to by some as the “Banksy of Borovsk”—has found his voice in street art. He races to complete murals protesting the war in Ukraine before authorities cover them up. (New York Times)
Tony Meier Leaves San Francisco – After nearly four decades, this familiar face in the San Francisco art scene is moving out. Meier is relocating over the Golden Gate Bridge to Mill Valley, Marin County, in an expanded 5,200-square-foot space renovated by T.W. Ryan Architecture. (ARTnews)
Art Agenda Expands to e-flux Criticism – Art Agenda Editorial will now be known as e-flux Criticism. The publication—which will be accessible in expanded from on the e-flux homepage—will produce more pieces on a wider variety of subjects, including books, architecture, performance, film, and video. (Press release)
FOR ART’S SAKE
Plan to Jointly Acquire Reynolds Masterpiece on Ice – A plan for the National Portrait Gallery in London and the J. Paul Getty Museum in Los Angeles to jointly acquire Sir Joshua Reynolds’s masterpiece Portrait of Omai (1776) for £50 million, sharing the rights to display the work and preventing it from permanently leaving the U.K., has a been scrapped after the National Heritage Memorial Fund said the National Heritage Memorial Fund would prefer to have the painting remain fully accessible to the national audience. The NPG now has until March 10, 2023 to raise the full amount before an export ban on the work expires. (FT)
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