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, March 24.

NEED-TO-READ

V&A Show of Chanel to Feature 200 Looks From 70 Years – London’s Victoria and Albert Museum will exhibit the work of Gabrielle “Coco” Chanel, showcasing how she revolutionized women’s fashion across seven decades. The exhibition will feature her signature tweed suits, little black dresses, jewelry, and archive materials. “Fashion Manifesto” opens September 16. (Guardian)

Natural History Museums Band Together to do Inventory – Seventy-three museums in 28 countries are centralizing their collections via a shared digital platform, allowing anyone to access and study artifacts and specimens without physically visiting the museums. The online collections, which has amassed 1.1 billion objects includes detailed information, high-quality images, and interactive education. (New York Times)

Pharrell’s Joopiter Launches Lorraine Schwartz Sale – Pharrell Williams’s online auction house Joopiter is partnering with the iconic U.S. high jewelry designer Lorraine Schwartz on a new sale. “A Journey Through Gems” including 26 of Schwartz’s bespoke jewelry pieces is now online. Schwartz is known for bedazzling celebrities including Beyonce with custom designs. (Robb Report)

NYC Teenagers Show Work at the Met – Hundreds of New York parents can now confidently point at paintings in the Met and say “my kid could do that.” The museum’s exhibition “P.S. Art 2021” opens today, March 24, featuring artwork from hundreds of 12th graders who received the 2023 Scholastic Art and Writing Awards. The exhibition includes a wide array of media, from painting to digital art. It runs until May 21. (Hyperallergic)

MOVERS & SHAKERS

Met Announces New African Art Residency – Eileen Musundi, head of exhibitions at the National Museums of Kenya, has been appointed to a four-month residency program at the museum’s Michael C. Rockefeller Wing, beginning this month. Musundi will work on developing a proposal for an exhibition of loaned works from The Met’s collection to Nairobi, and develop a public education program focused on East Africa. (Press release)

Director Decamps From Academy Museum to Lucas Museum – Bernardo Rondeau is leaving his post as the senior director of film programs at the Academy Museum of Motion Pictures to take on the role of curator of film programs at the forthcoming Lucas Museum of Narrative Art. Rondeau is working to plan future programming at the famous director’s museum, which is set to open in 2025. (Variety)

Hirshhorn’s Kusama Show Extended – The wildly-popular exhibition dedicated to the Japanese artist has been extended for the second time at the Washington, D.C.-based museum. The announcement from the institution coincided with Kusama’s 94th birthday on March 22; the show will remain open through July 16. (ARTnews)

FOR ART’S SAKE

Hokusai ‘Great Wave’ Print Sets Record – The iconic 19th century image depicted as a woodblock print, Under the Well of the Great Wave off Kanagawa, sold for $2.8 million at Christie’s, far exceeding its high estimate of $700,000. The sale is now the most expensive auction record for a print of the image, with the second priciest coming in at $1.5 million, sold at Christie’s in 2021. (Wall Street Journal)

Katsushika Hokusai, Kanagawa oki nami ura (Under the well of the Great Wave off Kanagawa) [“Great Wave”]. Courtesy of Christie’s Images, Ltd.