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 Thursday, December 7.

NEED-TO-READ

Pérez Funding Cut Due to Cuban Art Show? – Miami museum patron Jorge Pérez has publicly denounced Miami-Dade County, saying county commissioners targeted the Pérez Art Museum for a $550,000 cut after its show “On the Horizon,” which featured artists living in Cuba. The funds were reallocated to the tiny American Museum of the Cuban Diaspora, in Coral Gables. The philanthropist and real estate developer supports improving cultural relations with Cuba, a no-no for anti-Castro hardliners. (The Art Newspaper) 

US Tax Bill Targets Artist Housing – A late amendment—added at 3 o’clock Saturday morning!—to Trump’s tax bill would stop developers using housing credits to build affordable lofts for artists and writers. They would have to be military veterans who happen to be artists or writers to qualify for subsidized housing if the bill is passed by the White House. The amendment came from Kansas senator Pat Roberts. (Citylab)

‘Kneel-In’ Planned If Trump Visits New Civil Rights Museum  – The last-minute announcement that President Trump would attend the opening on Saturday of the long-anticipated Mississippi Civil Rights Museum—the only state-sponsored civil rights museum in the country—has angered area activists. Should he actually turn up, Trump may be met with protests including a possible “kneel-in.” “If God gives me the breath and the strength, I will address his attendance when I stand to speak,” said Myrlie Evers-Williams, widow of slain Civil Rights leader Medgar Evers. (The New York Times)

‘Paris Review’ Editor Resigns After ‘Abusing His Position’ – Lorin Stein resigned on Wednesday as the editor of Paris Review as the prestigious publication investigates anonymous allegations of inappropriate behavior towards female colleagues and contributors. Stein admits to abusing his position but says “sexual contact” was consensual. (The Cut)

ART MARKET

A Guide to Making Money by Spotting Talent in the Art World – Collectors and art advisors weigh in on art-as-investment at fairs. Tips: Research what galleries will be showing before you go, arrive early, and check out younger galleries, new artists, and undervalued historic works. Cautionary note: Flipping paintings too quickly can rile up gallerists, so take a long-term view of your investments. (Bloomberg)

Páramo Gallery Opens on NYC’s Upper East Side – The Mexican gallery has opened a by-appointment-only space in New York, and is presenting a group show of artists on its roster, including Faivovich & Goldberg, Naama Tsabar, and Francisco Toledo. Back in in Mexico City, Páramo will also launch a residency program, with Guadalajaran performance artist Emanuel Tovar taking up the first residence. (ARTnews)

Dennis Scholl’s Bold Plans for Art Center/South Florida – Dennis Scholl, the Miami-based collector of Australian Aboriginal art and drawings by US modern masters, tells the Financial Times that he is making a documentary about Clyfford Still—but his day job is transforming Miami’s ArtCenter/South Florida, the artists’ space/studio complex, which has an $88 million endowment after selling its Miami Beach home. (Financial Times)

COMINGS & GOINGS

Executive Director of the American Folk Art Museum Announces Retirement in 2018 – Anne-Imelda Radice is stepping down after just over five years at the helm. In that relatively short time, Radice brought the museum back from near death and restored the institution’s reputation in New York. (NYT)

Hammer Museum Receives $200,000 Grant from Ford Foundation – The Hammer Museum at UCLA is getting the sizable grant to support its roster of more than 300 free public programs. As the Ford Foundation steps in to support the museum for the first time, the institution will be able to upgrade its technological infrastructure and its programs’ digital reach, as well as archive and preserve its own past. (Press release)

Columbus Museum of Art and Lichtenstein Foundation Team Up – The duo have joined forces to offer an inaugural $300,000 grant to fund the establishment of the Roy Lichtenstein Curatorial Fellowship, a post-graduate incubator, with applications accepted from December 15, 2017 through March 1, 2018. (Press release)

University of Iowa Renames Museum After Big Donors – Dick and Mary Jo Stanley, who have committed $10 million towards the Iowa museum that most famously includes Jackson Pollock’s Mural, will become namesakes of the rechristened Stanley Museum of Art at the University of Iowa. Their donation was in support of the university’s effort to replace its previous art museum after the major flood in 2008. (The Gazette)

FOR ART’S SAKE 

The Frick Collection’s Big Purchase – It is the museum’s biggest painting acquisition in nearly 30 years: François-Pascal-Simon Gérard’s full-length portrait of Prince Camillo Borghese, a notable art patron and the brother-in-law of Napoleon Bonaparte. (Press release)

The Publisher of the World’s Tiniest Art Magazine Speaks – Bigger is not always better: Since 1979 Public Illuminations Magazine has been a New York-based arts publication that fits into the palm of your hand. The absurdist, pocket-sized magazine measures just seven by 11 centimeters and is released on a “non-occasional basis.” (Atlas Obscura)

Daniel Arsham and National YoungArts Foundation Fellowship – The new fellowship comes with an unrestricted prize of $25,000 and a year-long mentorship with the acclaimed artist Daniel Arsham, in this new program to support recently graduated aspiring visual artists. (Press release)

Did you Catch the Most Important Detail in Time’s Person of the Year Cover? – The “silence breakers” cover of Time Magazine‘s annual Person of the Year is a celebration of the women and men who spoke out against sexual misconduct. But the most important figure might be the unknown elbow that is captured in the bottom of the image. Editor in chief Edward Felsenthal notes that it is symbolic for all of those who have yet to come forward. (Mashable)