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 Wednesday, November 8.

NEED TO READ

Record-Setting Basquiat Goes on World Tour – The Japanese billionaire Yusaku Maezawa is sending the Jean-Michel Basquiat skull painting he bought for a record $110 million at Sotheby’s in May on a world tour—although he has not revealed where. Afterward, it will likely find a permanent home at a museum the 41-year-old is said to be planning in his hometown of Chiba. (The Art Newspaper)

Artist Detained in Havana – Cuban artist Luis Manuel Otero Alcántara has been detained by police in Havana. He and his partner, the curator Yanelys Nuñez Leyva, are planning an independent Havana Biennial after the official one was postponed until 2019. The pair are also said to be working on a digital project called “The Museum of Dissidence in Cuba.” (Hyperallergic)

Want to Instagram Like Cindy Sherman? – In an interview for W, the artist explains her coveted Instagram technique. Sherman uses Facetune, Perfect365, and YouCam Makeup apps for her whacky self-portraits that poke fun at a “plandid”—a planned candid photograph. She says the process is making her “more open to experimentation.” (W magazine)

Italy Cuts Off Cruise Ships in Venice – The UNESCO World Heritage Site (and home to the Venice Biennale) will no longer allow massive cruise ships to come close to its shores. The move was prompted by locals who have become increasingly concerned about the devastating effects of the heavy tourist traffic on the sinking city. (Maritime Executive)

ART MARKET

Why You Need an MFA to Make Top Marks at Auction – The days when an artist without formal training can rise to the top of the market are over. Today, art-market darlings like Lesley Vance, Diana Al-Hadid, and Neïl Baloufa almost uniformly have an MFA from a top school (all three went to CalArts). (Bloomberg)

Lanvin Wants More Art Collaborations – The fashion house’s incoming CEO Nicolas Druz presented a sculpture attributed to Brancusi at a private event in Paris, where he announced a new focus on linking the label with art and plans to develop a street art project. (Womens Wear Daily)

Can Art (Basel) Revitalize a City? – As Art Basel moves into Buenos Aires with its inaugural Cities program, a new format that “facilitates professional collaborations,” many are hoping that the project can offer the kind of financial stimulus that other cities like Miami see when Basel comes to town. (Financial Times)

London’s Richard Saltoun Relocates – The postwar and contemporary art specialists moved from Fitzrovia to Mayfair on November 1. The new gallery address is at 41 Dover Street, London W1S 4NS and the inaugural exhibition will open in January next year. (Press release)

COMINGS & GOINGS

National Gallery Director to Retire After 25 Years – Earl “Rusty” Powell, the longest-serving director of the National Gallery of Art in Washington, DC, plans to retire. Under his leadership, the museum underwent expansive renovations, created a sculpture garden, and added galleries devoted to Mark Rothko and Barnett Newman. (The Washington Post)

Shahzia Sikander Wins Popular Prize at Karachi Biennale – The Shahneela and Farhan Faruqui Popular Choice Art Prize at the inaugural Karachi Biennale has been awarded to the Pakistani-American artist for her animated film Disruption as Rapture. (Press release)

Bronx Photographer Mel Rosenthal Dies at 77 – The Bronx-born photographer captured the spirit and struggle of the New York borough throughout the 1970s and ’80s and taught photography at Empire State College for 36 years. (NYT)

FRAC Champagne-Ardenne Announces New Director – One of France’s regional art collections, FRAC Champagne-Ardenne in Reims, has appointed Marie Griffay as its new director. Her 2018 program is called “The Spirit of Play, Between Ruler and Turbulence.” (Press release)

FOR ART’S SAKE

Holt-Smithson Foundation Launched – The estates of land artists Robert Smithson and Nancy Holt are supporting the launch of a new foundation that will build on their legacies. It will be led by the now US-based, British curator Lisa Le Feuvre, who left the Henry Moore Institute in Leeds earlier this year. (ARTnews)

New York State Plans Two Public Statues of Women – Statues dedicated to abolitionist Sojourner Truth and suffragette Rosalie Jones will soon be installed in New York State parks, increasing the number of statues of women on public land in the state to four. The decision marks the centennial of the suffrage movement in New York. (Hyperallergic)

Plus, Jones Gets an ‘I Voted’ Sticker – New Yorkers who voted yesterday were rewarded with stickers honoring the 100th anniversary of women being granted the right to vote. The design, featuring “General” Rosalie Jones, who led a 150-mile hike from New York to Albany in the name of women’s suffrage in 1912, was selected from three proposals by an online vote in September. (Press release)

Video of Restoration Goes Viral on Twitter – Philip Mould, the art historian, dealer, and host of BBC’s Fake or Fortune?, has gone viral. His video of discolored varnish being cleaned off of an unknown portrait from 1618 has been retweeted nearly 100,000 times. All that is known of the subject, a women in an elaborate red dress, is her age (36). (Twitter)