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, February 1.

NEED-TO-READ

On the Rise of Bad Figurative Painting – In an essay quickly making its way around social media and art-world inboxes, Dean Kissick takes aim at what he sees as one of the most toxic trends in art: bad figurative painting. The most in-vogue young artists, he contends, create “quirky, esoteric mash-ups” that feel “less like stylistic innovations and more like branding exercises, reflecting a present in which one’s ability to market oneself is more important than mastering a craft or coming up with fresh ideas.” (Spectator)

The Holt/Smithson Foundation Launches Commission Program – The foundation established by the late land art pioneers Robert Smithson and Nancy Holt is launching an ambitious new project. Five artists—Tacita Dean, Renée Green, Sky Hopinka, Joan Jonas, and Oscar Santillán—have been invited to develop a proposal for a new work inspired by an uninhabited island in Maine that the couple purchased sight-unseen in 1971. The nominees, who received the invitation out of the blue, will have the next three years to dream up an idea; the foundation will then seek out partners to help realize them. (The Art Newspaper)

Leading Old Master Dealer Dies of COVID-19 – Richard Feigen, a highly influential Old Master dealer who operated galleries in Los Angeles, New York, London, and Chicago, has died from complications related to COVID-19. He was 90. The gallerist, who described himself as “a collector in dealer’s clothes,” started out in the ’60s offering ambitious contemporary art—he gave Francis Bacon his first US show—before breathing new life into the Old Master field in the ’80s. In popular culture, his legacy lives on the legendary Tom Wolfe essay in which the writer coined the term “radical chic,” which captured the dealer at a party for the Black Panthers. (ARTnews)

Panel Flags 40 Works of Public Art in Chicago as Problematic – As part of an ongoing effort for “racial healing and historical reckoning” in Chicago that echoes those underway in cities across the US, local officials have identified some 40 public artworks with connections to “white supremacy, slavery, and inaccurate portrayals of Indigenous people.” A full list of the monuments to be formally reviewed will be announced in the coming weeks. It is unclear what steps will be taken after the review period. (Block Club Chicago)

ART MARKET

Yusaku Maezawa and YouTuber Snap Up Outfits From BTS – The highly acquisitive Japanese art collector and a famous YouTuber, HIKAKIN, shelled out $162,500 for a group of colorful costumes worn by the top K-Pop band in the 2020 music video for “Dynamite.” The lot sold to the two buyers at Julien’s Auctions for more than eight times its pre-sale estimate. (Press release)

Muse’s Art Collection Sparks Row – There’s a battle afoot over the fate of the collection of June Furlong, a friend and muse to such artists as Lucian Freud, Francis Bacon, and John Auerbach. Although friends said Furlong, who died in November, wanted to donate her collection to the Williamson Art Gallery in the UK, she left no will—and selections of her trove, including five Auerbach prints, were sold by Hansons Auctioneers in December for a total of £42,000 ($57,480). (Guardian)

Miles McEnery Gallery Expands – The New York gallery is opening a third location in Chelsea later this year at 511 West 22nd Street, the space formerly occupied by Danese/Corey and Max Protetch. Its staff is growing, too: Peter Luke Colon, formerly of DC Moore Gallery and Matthew Marks, is joining the team as managing director later this month. (Press release)

COMINGS & GOINGS

Art in America Editor Departs – William S. Smith is leaving his post as editor-in-chief of Art in America after more than three years to take up a new editorial position at the forthcoming (and long-delayed) M+ museum. He will lead the museum’s digital and editorial content and will be based in Hong Kong. (ARTnews)

Vatican Museums Reopen – The Vatican Museums, including the Sistine Chapel, will reopen today after 88 days of closure. Public health restrictions are being eased in all but five Italian regions, although non-essential travel between regions is still restricted. (The Local)

Tanoa Sasraku Wins Futures Award – The 25-year-old UK artist has been named this year’s winner of the Arts Foundation Futures Award. Sasraku, whose practice spans drawing, film, and flag-making inspired by her ancestors in Ghana, will receive £10,000. She was chosen by a panel of judges including Frieze editor Andrew Durbin, curator Fatoş Üstek, and artist Lubaina Himid. (The Art Newspaper)

FOR ART’S SAKE

Berkshire Museum Unveils Upgrades – The Berkshire Museum has spent part of the proceeds from its highly controversial 2018 collection sell-off on an infrastructure boost. Upgrades include a new sewer line, a freight elevator, new restrooms, improved LED lights, and waterproofing. The museum—which spent around $3.5 million of its $50 million windfall on the refurbishment—plans to reopen fully to the public this summer. (Ridgefield Press)

Pussy Riot Releases Its Latest Music Video – Pussy Riot had released a music video for its latest song, “RAGE.” The protest anthem calls for Putin to release all political prisoners in Russia, including the opposition leader Alexey Navalny and the punk band’s own Masha Alekhina, who is under house arrest for posting in support of Navalny on social media. “Imagine that Trump stayed in the office for the second time and he jailed AOC and her supporters,” the band’s Nadya Tolokonnikova says in a statement. “What’s happening in Russia is outrageous and unacceptable. Putin must go.” (Press release)