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 Friday, July 1.

NEED-TO-READ

Philadelphia Museum Returns Looted Trophy to the Czech Republic – The Philadelphia Museum of Art has reached an agreement to restitute a cultural artifact to the Czech Republic. The 17th-century silver “archer’s trophy” arrived at the U.S. museum as part of the collection of Carl Otto Kretzschmar von Kienbusch. The trophy, which was originally from Dresden, Germany, was stolen by the Nazis during World War II in what was then Czechoslovakia. (Philadelphia Inquirer)

Pace Expands in Seoul – The gallery will expand its complex in the Korean capital with an outdoor sculpture courtyard and tea house featuring prints, editions, and books from the gallery’s imprint. The revamped compound will open in sync with Frieze Seoulthis September. (Press release)

Beyoncé’s New Album Draws Arty Comparisons – Beyoncé has revealed the cover for her new album Renaissance, shot by photographer Carlijn Jacobs, which quickly drew comparisons to the 19th-century painting by John Collier, Lady Godiva. According to Anglo-Saxon lore, Lady Godiva rode a horse nude during the 11th century to protest taxation plans from her husband Leofric. ARTnews, doing the lord’s art journalism work, has “reached out to a representative for Jacobs for comment on the possible Collier reference.” (ARTnews)

A New Complex Aims to Boost Community in the Hudson Valley – The 38-year-old artist-cum-developer Stef Halmos has completed renovations three industrial buildings in Catskill, which will become an arts complex called Foreland when it opens today, July 1. The space, which cost $12.5 million, hosts artists studios (one studio is fully subsidized for six months for an artist of color) and exhibitions. Dealers can become members and use some of the gallery space for shows. (New York Times)

MOVERS & SHAKERS

Galerie Peter Kilchmann Expands to Paris – The Zurich-based gallery is expanding its European footprint with a new space in the Marais district, a stone’s throw from the Centre Pompidou. The gallery is celebrating its 30th anniversary this year, and will open in Paris in mid-October with an exhibition of Japanese-Swiss artist Leiko Ikemura. (Press release)

Schirn Kunsthalle Frankfurt Names New Director – Art historian and curator Sebastian Baden will helm the German museum, taking over for Philipp Demandt on July 1. Baden taught art history and media theory at the Karlsruhe University of the Arts before becoming curator of contemporary art, sculpture, and new media at the Kunsthalle Mannheim in 2016. (Press release)

Vancouver Gallery Gets $22 Million Toward New Build – The Vancouver Art Gallery in British Columbia, Canada, will receive C$29 million ($22 million) in federal funding for its new building, which is being designed by Herzog & de Meuron and expected to open in 2027. The museum hopes to raise C$400 million ($310 million) for its multi-story downtown building; it has raised C$270 million to date. (TAN)

Speed Art Museum Creates New Positions – The Speed Art Museum in Louisville, Kentucky, has appointed Toya Northington to the newly created role of director of equity, inclusion, and belonging. Dr. fari nzinga has been appointed the Speed’s inaugural curator of academic engagement and special projects. (Press release)

FOR ART’S SAKE

Glenstone Adds New Building to House Richard Serra Work – The Potomac, Maryland-based Glenstone Museum has opened a new building to house Richard Serra’s Four Rounds: Equal Weight, Unequal Measure (2017). In collaboration with Serra, Thomas Phifer and Partners designed the new 4,000-square-foot building, which features a woodland footpath leading to the austere concrete structure, which is illuminated by white glass skylights. (designboom)

Richard Serra, Four Rounds: Equal Weight, Unequal Measure (2017). © 2022 Richard Serra / Artists Rights Society (ARS), New York. Photo: Cristiano Mascaro, Courtesy David Zwirner, New York/London