Art Industry News: Archaeologists Are Now Fighting a Battle Royale Over the Colosseum’s New Restoration Plan + Other Stories
Plus, the British Museum helps return a looted statue of a goddess to Libya and NFT investors Tyler and Cameron Winklevoss visit Frieze.
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, May 11.
What Happened With That Whole Burnt Banksy – The New Yorker catches up with the artist who bought a Banksy drawing with $95,000 from investors, turned it into an NFT, and burned the original. “I’m trying to stay anonymous,” he said. “Dude, we’ve received so much hate. Some people are very, very angry.” (New Yorker)
British Museum Helps Return Looted Statue – A 2,000-year-old marble statue of a Greek goddess believed to be Persephone has been returned to Libya years after officials intercepted it at the U.K. border. With the assistance of the British Museum’s experts, who helped identify and store it, the rare and well-preserved marble was repatriated to the Libyan embassy in London on Monday. (Guardian)
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