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 Tuesday, August 2.

NEED TO READ

Oxford and Cambridge Will Return Hundreds of Benin Bronzes – A total of 213 Benin bronzes housed in Oxford’s Pitt Rivers and Ashmolean museums, as well as the Museum of Archaeology and Anthropology in Cambridge, are set to be returned to Nigeria following a joint consensus of the leadership councils of the two universities. The move will likely be the biggest repatriation of cultural treasures from the U.K. (Telegraph)

Ruangrupa Responds to New Controversy at Documenta – The curators and artistic team behind the quinquennial have defended the images in the brochure Presence des Femmes, featured in an installation by the Archives des luttes des femmes en Algérie, which have recently sparked fresh controversy for the show, saying that they “are clearly not antisemitic.” Meanwhile, Documenta’s shareholders have appointed a panel of seven experts in “anti-Semitism, perspectives from global contexts and post-colonialism, art and constitutional law” to review all the works in the show. (Press release, Monopol)

Elvis Presley’s Lost Jewels Hit the Auction Block – Riding the wave of the hit Baz Luhrmann movie Elvis, a cache of nearly 200 items once belonging to the King is heading to California-based GWS Auctions on August 27. Titled “The Lost Jewelry Collection of Elvis Presley and Colonel Tom Parker” and organized with the help of Priscilla Presley, the trove of jewelry Elvis gave to his manager was long known to exist, but has only now been assembled for fans to see—and to bid on. The sale includes jewel-encrusted gold rings, cufflinks, a guitar, and a 14-karat yellow-gold ring adorned with the letters “TCB” flanked by diamond-studded lightning bolts, which carries a minimum bid of $500,000 (the letters stand for Presley’s favorite expression: “taking care of business”). Other items include gold pistols, boots, a motorcycle, and even the personal jet Presley bought for his father. (Reuters, Robb Report)

Dispute Over Jackson Pollock Collage Returns to Court – An untitled mixed-media collage from around 1943 with an estimated worth of $175,000 is back in court—again. The dispute emerges from then ongoing bitter divorce battle between former state senator Alexandra Kasser and Morgan Stanley executive Seth Bergstein, who argued that he had joint ownership of the work as part of the marriage. Kasser’s brother Matthew Mochary, however, argued that the Pollock was a gift from his mother. Last year, a Connecticut district court dismissed Mochary’s claim on the Pollock—but that decision was overturned by a Federal Appeals Court in New York last week. Mochary now has the green light to continue with the legal battle outside of the divorce trial. (The Art Newspaper)

MOVERS & SHAKERS

Abortion Rights Activists Arrested at LACMA – Three activists associated with Rise Up 4 Abortion and Vets Rise 4 Roe, who staged a protest outside Chris Burden’s installation Urban Light (2008), were arrested. They chained themselves to the Burden lampposts and spilled fake blood on the site. The trio were detained on charges of felony vandalism. (L.A. Times)

Rubell Museum Announces Directorial Appointment – Caitlin Berry will serve as the inaugural director of the forthcoming Washington, D.C.-based Rubell Museum, which is set to open to the public on October 29. Berry will work alongside the Rubells and Juan Valadez, the director of the Rubell Museum Miami, to oversee engagement with the community and museum operations. Before joining the museum, Berry was director of the Cody Gallery of Art at Marymount University in Arlington, Virginia, and the head of D.C.’s Hemphill Fine Arts. (Press release)

Is Singapore the New Center of the Asian Market? – The anticipation of next January’s new fair ART SG and the influx of capital and money from Hong Kong may have finally lifted the hope of the Southeast Asian city-state to be a contender for the next art hub in Asia. The reality, however, is that the local art market is “nascent,” accounting for only one percent of all global art export and import, according to government data. (ARTnews)

FOR ARTS SAKE

Giant Jean Dubuffet Sculpture Will Be Relocated After Google Buys Its Home – The 29-foot tall Monument with Standing Beast will be moved to its new home at a former bank building at 115 South LaSalle Street, along with the offices housed in the James R. Thompson Center, after Google acquired the postmodern building designed by Helmut Jahn. The ten-ton sculpture by the French avant-garde artist has been a fixture of Thompson Center in Chicago since the mid-1980s. (TAN)

Jean Dubuffet, Monument with Standing Beast (Monument à la bête debout) (1986), Chicago. (Photo by Jean-Erick Pasquier/Gamma-Rapho via Getty Images)