Art Industry News: A Distinguished Scholar Allegedly Helped a Bankrupt Socialite Sell a Dozen Fake Old Masters + Other Stories
Plus, NFT prices continue their downward plunge, and Sotheby's holds its first gala to aid climate change.
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, September 30.
NFT Plunge – The trading volume of NFTs has fallen 97 percent since January’s record high amid a wider $2 trillion reduction in the crypto sector. (Bloomberg)
Brooklyn Museum Workers Rally – Some 100 members of the museum’s labor union turned out to protest stalled payment negotiations as visitors arrived for after-hours programming. (TAN)
Van Yikes! – Art historian Malcolm Rogers doled out more than a dozen letters of authenticity on dubious paintings, including 12 Van Dyck copies or studio paintings that his (alleged) friend, bankrupt socialite James Stunt, bought cheaply at auction. (The Art Newspaper)
Decolonizing Canadian Museums – From hiring policy to repatriation processes, a new Museums Association report recommends legislation, money, and a national strategy to support Indigenous-led reconciliation in the museum sector. (The Star)
MOVERS & SHAKERS
Sotheby’s Climate Gala – The house raised $1 million during its debut New York Impact Gala, with funds headed to Instituto Terra, a rewilding project in Brazil led by photographer Sebastião Salgado and his wife, Lélia Deluiz Wanick Salgado. (ARTnews)
Allison Katz Joins Hauser & Wirth – The painter will have her first show with the gallery in Los Angeles in 2023. Katz is leaving Luhring Augustine but sticking with galleries Antenna Space, Giò Marconi, and Dépendance. (ARTnews)
Ibrahim Mahama Raises Funds for Black Curators – The artist has partnered with Frieze London and Deutsche Bank on its Emerging Curators Fellowship supporting U.K.-based curators who identify as Black or as people of color. She will donate works to sell at Frieze, with proceeds going to support the fellows. (ARTnews)
FOR ART’S SAKE
Kimsooja Cathedral – The French state commissioned the Korean artist to make a magical set of stained glass windows to adorn the south arm of the transept at Metz Cathedral. (Le Figaro)
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