07 October 2019

Europe

‘London’s resilience, creativity and innovation will help us to keep open for the world’: “London is maintaining its position as a global financial capital, as a hub for technology and innovation, and as an artistic haven. We can’t escape the evidence that points to our growth, inward investment and jobs market being hurt by any form of Brexit, but we know London is resilient, diverse and innovative—ingredients that will help us thrive” says Justine Simons, London’s deputy mayor for culture and the creative industries.

05.10.2019, The Art Newspaper: ‘London’s resilience, creativity and innovation will help us to keep open for the world’ 

04.10.2019, The New York Times: Brexit? What Brexit? The Art World Carries On Unfazed at Frieze London 

The Manchester Museum and the Australian Institute of Aboriginal and Torres Strait Islander Studies restitute 43 ceremonial and sacred objects: Responsible for some of the material since the 1920s, the Manchester Museum, part of The University of Manchester, and the Australian Institute of Aboriginal and Torres Strait Islander Studies (AIATSIS) have announced the plans of formal restitution for 43 secret sacred and ceremonial objects to the Aranda people of Central Australia, Gangalidda Garawa peoples’ of people of the Gulf of Carpentaria, Nyamal people of the Pilbara, and the Yawuru people of Broome. Two formal handover ceremonies will take place handing over the objects at Manchester Museum in late November. 

05.10.2019, ARCA: The Manchester Museum and the Australian Institute of Aboriginal and Torres Strait Islander Studies restitute 43 ceremonial and sacred objects 

Royal Shakespeare Company Ends Partnership With Oil Giant BP: After British school students and activists signed an open letter threatening to boycott the Royal Shakespeare Company (RSC) if it did not drop its sponsorship deal with British Petroleum (BP), the theater organization announced it will terminate its partnership at the end of the year. The company said it “could not ignore” the “strength of feeling” against the deal.

04.10.2019, Artforum: Royal Shakespeare Company Ends Partnership With Oil Giant Bp

02.10.2019, The Times: RSC drops sponsorship deal with BP 

02.10.2019, Frieze: Royal Shakespeare Company Drops BP Sponsorship After Climate Protests 

Missing painting by John Lavery discovered by Dublin auctioneer Whyte’s: A painting by Sir John Lavery (1856-1941) consigned to Irish auctioneer Whyte’s by a man in Lancashire, has been identified as having been stolen 25 years ago from a British public school.

04.10.2019, The Antiques Trade Gazette: Missing painting by John Lavery discovered by Dublin auctioneer Whyte’s 

30.09.2019, The Irish Times: Missing John Lavery painting surfaces 25 years after robbery 

Led by $10.6 M. Basquiat, Christie’s Contemporary Sale in London Brings in $80.4 M.: After a long Frieze Week of auctions and fairs in London, Christie’s staged its postwar and contemporary art evening sale, bringing in £65.2 million over the course of 41 sold lots. That was a bit of a drop from the same sale last year, which netted the house £84.6 million over the course of 45 lots.

04.10.2019, Art News: Led by $10.6 M. Basquiat, Christie’s Contemporary Sale in London Brings in $80.4 M. 

Banksy painting of chimps in the Commons sells for record £8.5m:  A Banksy painting of chimpanzees presiding over the House of Commons has shattered auction records for the anonymous street artist, going under the hammer at Sotheby’s for £8.5m, excluding fees.

03.10.2019, The Financial Times Banksy painting of chimps in the Commons sells for record £8.5m 

04.10.2019, The Antiques Trade Gazette: Major record for Banksy as ‘Devolved Parliament’ brings lengthy bidding contest at Sotheby’s 

03.10.2019, The Guardian : Banksy work depicting MPs as chimpanzees sells for record price 

04.10.2019, CNN Style: Banksy’s ‘Devolved Parliament’ sells at auction for $12.2 million 

04.10.2019, Le Journal des Arts: Le Parlement des singes de Banksy adjugé 11,1 M€, un record pour l’artiste 

Looted Ethiopian Crown Resurfaces in the Netherlands: A Dutch civil servant says he hid the precious artifact away in his home for more than 20 years. Now, he hopes it can be returned to Ethiopia.

03.10.2019, The New York Times: Looted Ethiopian Crown Resurfaces in the Netherlands 

White Cube to open ‘office and viewing rooms’ in Paris: London gallery White Cube is expanding to Paris and plans to open a base in the French capital within the next few months. The gallery move is the latest high-profile decampment against the backdrop of Brexit which is scheduled to take place 31 October.

02.10.2019, The Art Newspaper: White Cube to open ‘office and viewing rooms’ in Paris 

Phillips Defies Brexit Gloom as Records Tumble in Its $32 Million Contemporary Art Sale in London: Phillips’s sale on Wednesday evening was the first of the week to engage with more risky, international contemporary art—and it totaled a healthy £25.8 million.

02.10.2019, Artnet: Phillips Defies Brexit Gloom as Records Tumble in Its $32 Million Contemporary Art Sale in London 

Strong sales despite Brexit nerves — PAD London fair 2019: On Tuesday afternoon in the centre of Mayfair, beneath the rain-soaked canvas roof of the Pavilion of Art and Design, there was no consensus about Brexit and the delicate business of dealing in high design. 

02.10.2019, The Financial Times: Strong sales despite Brexit nerves — PAD London fair 2019 

Banksy launches homewares shop in dispute over trademark: In the run-up to a potentially record-breaking auction of his work at Sotheby’s, to be held on Thursday, the street artist Banksy said he had been forced into taking the unusual step of opening his own homewares store following a legal dispute with a greetings card company.

01.10.2019, The Guardian: Banksy launches homewares shop in dispute over trademark 02.10.2019, Artnet: Banksy (and His Lawyer) Explain Why Fakes Have Forced the Artist to Go Into E-Commerce and Sharpen His Art

United States

The Libya MOU in action. The United States recovers and restitutes an ancient sculpture stolen from the city of Shahat (Cyrene): For years the Security Directorate of Shahhat in the eastern coastal region of Libya has tried to foil the attempts of individuals threatening to tamper with, loot, or destroy antiquities from the ruins of its ancient Greek and Roman city, Cyrene.  But given rampant urban encroachment and the lack of uniform security in a complicated political terrain created following the overthrow of Muammar Gaddafi in 2011, Cyrenaica’s rich archaeological heritage remains vastly underprotected and often overlooked by the media amid its focus on looting and iconoclasm in Syria and Iraq. 

03.10.2019, ARCA: The Libya MOU in action. The United States recovers and restitutes an ancient sculpture stolen from the city of Shahat (Cyrene). 

Sotheby’s ceases publicly trading on the New York Stock Exchange as its $3.7bn sale to Patrick Drahi closes: Sotheby’s announced last Thursday that ownership of the auction house has officially transferred to BidFair USA, a company wholly owned by the French-Israeli media and telecom entrepreneur, and art collector, Patrick Drahi. The acquisition, which was announced in June of this year and valued at $3.7bn, returns the 275-year-old firm to private ownership after 31 years of trading publicly on the New York Stock Exchange (NYSE).

03.10.2019, The Art Newspaper: Sotheby’s ceases publicly trading on the New York Stock Exchange as its $3.7bn sale to Patrick Drahi closes 

Another Da Vinci of Disputed Origin Heads to Auction in New York: An 11-inch bronze sculpture said to be linked to Leonardo da Vinci sits in a bank vault on Manhattan’s Upper East Side. “Horse and Rider” carries an estimate of $30 million to $50 million and is being offered for sale at the Pierre Hotel in New York this month, according to Guernsey’s auction house. But not everyone is convinced of its da Vinci origins. Dozens of similar bronzes already exist, raising more questions about whether the one hitting the auction block is truly unique.

02.10.2019, Bloomberg: Another Da Vinci of Disputed Origin Heads to Auction in New York 

New Museum and union reach agreement on a contract: After six months of negotiations and a strike threat, the New Museum and the union representing its employees have reached an agreement on a five-year contract that calls for salary increases, increased paid time off and reductions in the cost of health care, the union announced on Wednesday.

02.10.2019, The Art Newspaper: New Museum and union reach agreement on a contract 

Lawsuit by Billionaire Collector Ronald S. Lauder Against Museum of World War II Dismissed: A federal lawsuit brought against the International Museum of World War II in Natick, Massachusetts, by Ronald S. Lauder, a storied collector who owns some of the most important German Expressionist artworks in the world, was dismissed last week with prejudice, meaning that it cannot be litigated again.01.10.2019, Art News: Lawsuit by Billionaire Collector Ronald S. Lauder Against Museum of World War II Dismissed

World

Scrutiny mounts over corporate funding of the arts: In the British Museum’s great court, black banners advertise an upcoming exhibition, Troy: Myth and Reality, sponsored by the UK oil major BP. When the show opens next month, art lovers and historians will not be the only attendees. “BP or not BP”, an activist theatre troupe, will be there protesting against the museum’s continued partnership with the company they accuse of fuelling climate change.

02.10.2019, The Financial Times: Scrutiny mounts over corporate funding of the arts 

Japanese Museum claims title to the Reynolds painting stolen in UK: According to recent articles in the Antiques Trade Gazette, Art Newspaper and several other English papers, a painting by Sir Joshua Reynolds stolen in the UK has ended up in Japan at the collection of the Fuji Tokyo Art Museum (“the Museum”). The Museum claims that it purchased the work with valid title.

01.10.2019, The Art Newspaper: Japanese Museum claims title to the Reynolds painting stolen in UK 

Chile under fire over treasure hunter’s plan to unearth legendary pirate hoard: The quest for a fabled treasure trove containing jewels, gold and original Incan artefacts – and believed to have been buried on a South Pacific island by 18th century Spanish pirates – could be about to reach its dramatic conclusion.

01.10.2019, The Guardian: Chile under fire over treasure hunter’s plan to unearth legendary pirate hoard 

The blue chip delusion: why investors should be wary of the brand name lure: As growth in the world’s major economies slows, the art trade is hoping that strong results during the autumn auction season in London, Paris, New York and Hong Kong reinforce perceptions that “brand name artists” such as Warhol, Basquiat, Richter, Koons and Bacon are gold-plated assets.

01.10.2019, The Art Newspaper: The blue chip delusion: why investors should be wary of the brand name lure 

Centre Pompidou’s satellite space in Shanghai to open early November: The Centre Pompidou’s long-awaited offshoot branch in Shanghai will open on 8 November, according to The Art Newspaper France. Exhibitions drawn from the holdings of the Beaubourg Gallery will be shown in the new outpost, called Centre Pompidou x West Bund Museum, based in a wing of the 25,000 sq. m West Bund Art Museum designed by the UK architect David Chipperfield.30.09.2019, The Art Newspaper: Centre Pompidou’s satellite space in Shanghai to open early November

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