Paint Drippings: Everything You Missed in the Art Industry Last Week

Get caught up on the latest market moves, fast.

Dmitry Rybolovlev poses in Paris on September 24, 2015 in front of two paintings by Pablo Picasso, which he purchased from a Swiss art dealer. AFP PHOTO / PATRICK KOVARIK.

Here’s what made a mark around the industry since last Friday morning…

Art Fairs

The Winter Show will return to New York’s Park Avenue Armory for its 70th anniversary, running from January 19-28, 2024. Roughly 70 galleries will participate while a special exhibition curated by Alexandra Kirtley will feature Americana works brought by galleries such as Elle Shushan, Jeffrey Tillou Antiques, and Allan Katz. (Press release)

Vera Munro, Air de Paris, and Lévy Gorvy Dayan are among the galleries participating in the 43rd edition of ARCO Madrid in March. Monique Meloche, Patron, and Espacio Mínimo, among others, will participate in a specially curated section focusing on the Caribbean. (Press release)

Auction Houses

– Munich-based auction house Ketterer Kunst concluded what it claimed to be the biggest auction of the year in Germany, raking in a total of €39.9 million ($43 million) after fees across five art sales on December 8 and 9. (Artnet News)

– Led by Paul Signac’s Sisteron (1902), Impressionist paintings from the Alan and Simone Hartman Collection have achieved $20 million at Bonhams New York this week, marking the biggest sale for the auction house this year. (Press release)

– According to a recent filing with the U.K. government, Phillips London saw its losses in the U.K. double from 2021 to 2022, after rising costs due to inflation outpaced sales growth amid a market slowdown. (Artnews)

– An original cover painting from the famed 1963 comic book Astérix and Cleopatra failed to sell at a December 10 sale conducted by Brussels auction house Millon, after the artist’s daughter filed a legal challenge alleging the work was stolen. (Le Monde)

Galleries

White Cube has taken on representation of Sara Flores, Hauser & Wirthwill represent Ambera Wellmann in partnership with Company Gallery, Rodrigo Andrade has joined Nara Roesler, Hettie Inniss joined Grimm, and Nicola Vassell now exclusively represents Elizabeth Schwaiger.

Institutions & Biennials

Andria Hickey has been appointed as the head of programs at Shorefast and Fogo Island Arts, off the coast of Newfoundland and Labrador. She joins the arts center from The Shed in New York, where she has been head curator since 2022 following a three-year stint at Pace Gallery. (Press release)

– The Amon Carter Museum named Michaela Haffner as its new Assistant Curator of Paintings, Sculpture, and Works on Paper. (Press release)

The Louvre is hiking ticket prices by 29 percent starting in January in advance of the 2024 Olympics. (Artnet News)

British Museum deputy director Jonathan Williams has resigned, following an independent review in the wake of a spate of thefts made public in August. The review has newly revealed that up to 500 works remaining in the collection have been damaged, many of which had precious materials like gold mounts removed. (Artnet News)

Tech & Legal News

– Art dealer Yves Bouvier and Russian fertilizer magnate Dmitry Rybolovlev have reached a settlement in their yearslong legal saga relating to an alleged $1 billion overcharge on 38 blue-chip works purchased by Rybolovlev. (Artnet News)

– A painting by the Flemish artist Peter Paul Rubens that disappeared from Germany during World War II has been seized in Moscow after a decades-long dispute with Russia. (Artnet News)

– The Chris Burden Estate has launched a new digital collaboration with TRLab, which brings blue chip art world cred to the NFT realm. Billed as an educational initiative, “Beyond Limits: Unrealized Artworks of Chris Burden” explores the artworks of the pioneering performance and installation artist. The collaboration was announced at a New York Neue House panel discussion featuring TRLab co-founder Audrey Ou and Josh Baer on Tuesday. (Artnet News)

 

Paint Drippings is excerpted from The Back Room, our lively recap funneling only the week’s must-know intel into a nimble read you’ll actually enjoy. Artnet News Pro members get exclusive access—subscribe now to receive this in your inbox every Friday. 


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