Art Industry News: Why Basquiat Rules the Art Market But Not Museums + More Must-Read Stories

Plus, an industrial art complex in Turin takes shape and the Guggenheim gets a new endowed curatorship.

Visitors pass in front of a painting by Jean-Michel Basquiat entitled "Boy and Dog in a Johnnypump" on May 7, 2010 in Basel. Photo: Fabrice Coffrini/AFP/Getty Images.

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, July 27th.

NEED-TO-READ

Menil Collection Puts Drawing Institute on Hold – The Houston museum has postponed the October opening of the Menil Drawing Institute, citing ongoing construction work. The project will be the only freestanding building in the US devoted to works on paper. A new date has not been confirmed. (Houston Chronicle)

Colosseum Park Gets the Go-Ahead From Italian Court – The grounds around the Colosseum in Rome will soon be turned into an archaeological park, thanks to a ruling by the Council of State. The court also overturned a former ruling that barred non-Italians from the Colosseum directorship post. (The Art Newspaper)

South American Biennial to Launch Across 30 Cities – BienalSur will open across 30 cities worldwide beginning in September. The show’s central hub is Buenos Aires, but it extends to locations including Havana, Paris, and Tokyo, and includes work by Iván Navarro, Christian Boltanski, and Angelika Markul. (Press release)

Turin to Unveil New Major Industrial Art Center – On September 30, the Italian city will open the Officine Grandi Riparazioni (OGR), a new, privately funded “arts and innovation center” that originally functioned as a 19th-century railway repair shop. (TAN)

Stolen Work in Münster Restored – More than a month after a thief made off with a panel from Ei Arakawa’s installation of LED animations at Skulptur Projekte Münster, the work has been restored to its former state and is back on public view. The original missing screen has not been recovered, but Arakawa made a new one. (Artforum)

ART MARKET

Lévy Gorvy Experiments With London Property Staging – The gallery has staged the penthouse for a recent rental listing in Mayfair with artworks by Enrico Castellani, Pat Steir, Cy Twombly, and others. (Art Market Monitor)

Why Don’t Museums Love Basquiat? – In the 1980s, collectors Lenore and Herbert Schorr offered to donate works by Basquiat to MoMA and the Whitney, but the museums declined. Today, Basquiat’s work is the most expensive by a US artist ever sold at auction—but museums still aren’t jumping to collect him. (AFP)

Expo Chicago Reveals Artists for In/Situ Sector – The fair’s annual showcase of monumental works, curated by the former Centre Pompidou curator Florence Derieux, will this year include Nate Lowman, Sanford Biggers, and Wang Du. (ARTnews)

COMINGS & GOINGS

Guggenheim Creates New Endowed Curatorial Post – The institution has named Katherine Brinson the first Daskalopoulos Curator of Contemporary Art, a newly created position endowed by board member Dimitris Daskalopoulos. Brinson joined the curatorial staff in 2005 and is organizing the museum’s upcoming Danh Vo show. (Press release)

Frye Art Museum Appoints New Curator – Amanda Donnan joins the Seattle museum after stints at Seattle University, where she was curator of the University Galleries, and the Carnegie Museum of Art in Pittsburgh, where she was assistant curator for six years. (Artforum)

Ringling Museum Hires Asian Art Curator – The Ringling Museum of Art in Florida has appointed Rhiannon Paget as its new curator of Asian art. Paget, formerly of the Seattle Art Museum, is a specialist in Japanese art and will oversee the museum’s new Center for Asian Art. (Artforum)

Galit Eilat Chosen as Bard CCS’s Keith Haring Fellow – Eilat is the fourth annual recipient of the Keith Haring Fellowship, which allows a scholar, activist, or artist to teach and conduct research in art and activism at Bard College. She will take up her one-year appointment in September. (Press release)

FOR ART’S SAKE 

San Antonio Museum Gets 31 Portraits of Latinx Americans – The San Antonio Museum of Art announced it would acquire the photographs from Timothy Greenfield-Sanders’s “Latino List” series as a gift from dealer Hiram Butler. (Artforum)

Pinault Funds Restoration of Paris Stock Exchange Drawings – More than 200 historic architectural sketches are being restored with the help of French billionaire François Pinault, who is due to open his museum at the former stock exchange in 2019. (TAN)

See Inside Cheech Marin’s Art Collection – The famous stoner offers a peek inside his 700 work-strong Chicano art collection, which he is currently raising funds to show at a new museum he hopes will be known as “The Cheech.” (New York Times)

MCA Chicago Gets Major Photography Gift – MCA trustee Jack Guthman and his wife Sandra have donated 50 photographs by contemporary women photographers to the museum in honor of its 50th anniversary. (Press release)

FROM OUR PARTNERS

Matisse
Bernard Jacobson Gallery (London)
June 2 – September 16

Gathering together than a dozen works by the Modern master Henri Matisse, Bernard Jacobson Gallery is presenting a connoisseurial show of prints, drawings, sculpture, and paintings—including L’artiste et le modèle nu (1921), which has been exhibited at MoMA and the Guggenheim—to coincide with the Royal Academy’s forthcoming exhibition “Matisse in the Studio.”

Henri Matisse's <em>L'artiste et le modèle nu</em>, 1921

Henri Matisse’s L’artiste et le modèle nu, 1921

An installation view of the show

An installation view of the show

Another view

Another view

The show is up through September.

The show is up through September.


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