From Doris Salcedo’s Million-Dollar Prize to Jho Low’s High-Profile Art Settlement: The Best and Worst of the Art World This Week

Catch up on this week's news—fast.

Doris Salcedo. Courtesy if the Solomon R. Guggenheim Foundation. Photo: David Heald.
Doris Salcedo. Courtesy if the Solomon R. Guggenheim Foundation. Photo: David Heald.

BEST👍

Doris Salcedo Wins Big – The Colombian artist is the first-ever recipient of the $1 million Nomura Art Award, the world’s largest cash prize for an artist. 

Get the Gossip – In this week’s “Wet Paint” column, Nate Freeman dishes on the artists who cut ties with their gallery on Twitter, dueling art fairs, and some big-ticket purchases. 

A Peek Into Tut’s Tomb – Treasures from the tomb of King Tut are being displayed at London’s Saatchi Gallery as part of an international tour leading up to their permanent return to Egypt. 

The Basquiat Headlining Phillips – Jean Michel Basquiat’s painting of a fighter, The Ring, could fetch up to $15 million at Phillips this fall. 

Anna Delvey, the TV Show – Shonda Rhimes is bringing her soapy brand of TV brilliance to the saga of Anna Delvey, casting Julia Garner as the titular grifter in the upcoming Netflix series. 

The Marc Jacobs Collection – The designer is teaming up with Sotheby’s to auction off his entire art collection, featuring gems like a $3 million Ed Ruscha painting. 

A Hollywood Heist – Actors Helen Mirren and Jim Broadbent will star in an upcoming film detailing the 1961 heist of a Goya painting from London’s National Gallery.  

 

WORST👎

Another Blow to Jho Low – The Malaysian financier is embroiled in what is being described as the largest civil forfeiture deal ever, and paintings by Picasso and Basquiat are part of the settlement.

Wildfires Threaten Getty Center – Yet another rash of wildfires are licking at California cities, and though museums like the Getty Center are closing their doors, they are confident the art is not in danger. 

Sotheby’s New Head Honcho – New Sotheby’s owner Patrick Drahi replaced Tad Smith as CEO this week with Charles Stewart, previously the president of Altice USA. 

A Culture Czar Steps Down- After five years as New York City’s commissioner of the city’s cultural affairs, Tom Finkelpearl is leaving his post

A Leonardo Loser – An equestrian sculpture that some say was by Leonardo da Vinci flopped at auction, despite carrying an estimate of up to $50 million.

Shane Campbell Closes – The long-running Chicago gallery announced the abrupt closure on Instagram, citing the influx of “unbridled capital” in the art market.

Karachi Nixes a Critical Show – The Pakistani government has shut down an exhibition in the Karachi Biennial because it highlighted state-sponsored violence. 

 


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