Art Industry News: Insider Trading Rumors Swirl Around CryptoPunks Following a 957 Percent Spike Ahead of Noah Davis Appointment + Other Stories

Art Industry News: Insider Trading Rumors Swirl Around CryptoPunks Following a 957 Percent Spike Ahead of Noah Davis Appointment + Other Stories

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 Monday, June 27. NEED TO READ Hermitage Director on Culture’s Role in Ukraine Conflict – For the first time, Hermitage director Mikhail Piotrovsky spoke directly about … Read more

Revealed: The Biggest Consignors to London’s $700 Million Summer Auctions, From a Billionaire Retailer to the Son of an Ex-President

Revealed: The Biggest Consignors to London’s 0 Million Summer Auctions, From a Billionaire Retailer to the Son of an Ex-President

Who is selling at London’s summer auctions this week? The June sales of Impressionist, Modern, and contemporary art at Sotheby’s, Christie’s, and Phillips carry a combined pre-sale estimate of £358.5 million to £504.8 million ($439.4 million to $618.7 million), excluding the buyers’ premium. If they manage to meet the top estimate (about £580 million or … Read more

‘This Is Not a Sculpture Park’: James Turrell and Other Art Stars Will Create Permanent Artworks for Saudi Arabia’s Desert ‘Valley of the Arts’

‘This Is Not a Sculpture Park’: James Turrell and Other Art Stars Will Create Permanent Artworks for Saudi Arabia’s Desert ‘Valley of the Arts’

Land Art, associated with the 1960s, is witnessing a major resurgence in the Arabian Peninsula. A “Valley of the Arts”—Wadi AlFann in Arabic—is being created as part of a $15 billion AlUla masterplan to create a major cultural hub in Saudi Arabia. Five permanent artworks are planned for Wadi AlFann, which will be unveiled in … Read more

Artist Sheree Hovsepian Shares a Peek of the Direction Her Work Is Taking Post-Venice. Hint: It Involves a Lot More String

With her first presentation at the Venice Biennale this year and a solo show set to open at Rachel Uffner gallery in New York this September, Sheree Hovsepian is having a moment. The Iranian-born American artist has become known for her photo-based, exquisite corpse–like assemblages, which layer silver gelatin prints and photograms of female body … Read more

Art Industry News: Jeff Koons Seriously Considered Going to the Moon for His NFT Project, But Just ‘Really Couldn’t’ Take the Time Away + Other Stories

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, June 24. NEED-TO-READ See the First Official Portrait of the Duke and Duchess of Cambridge – The prospective King William and his wife Kate’s first … Read more

I’ve Seen a Lot of Money Grabs in My Career as an Art Market Reporter. NFT.NYC Topped Them All

The Art Detective is a weekly column by Katya Kazakina for Artnet News Pro that lifts the curtain on what’s really going on in the art market. The line was long. Hundreds of people waited for an hour and a half inside the New York Marriott Marquis hotel on opening day of NFT.NYC this week. … Read more

‘I Want to Show the Conflict I Experience Within My Brain’: Young Painter Sasha Gordon on Her Tender and Menacing Self-Portraits

Sasha Gordon is multiplying. In canvas after canvas, the young Brooklyn-based artist appears as doppelgängers of herself amid a wooded dreamworld. Here, her body dela twists and contorts, skin vulnerably exposed and glowing in fluorescent hues of purple, electric blue and bright yellow. This is “Hands of Others” at Jeffrey Deitch, Gordon’s first solo show … Read more

Dealer Bernard Jacobson on His 50 Years in the Art World and Why Truly Great Artists Endure the Test of Time

Art dealer Bernard Jacobson has been working at the center of the art world for more than 50 years and, over those decades, has developed strong opinions about what it takes to be a great artist. Jacobson opened his eponymous gallery in London in 1969 at the height of the counterculture movement. In its earliest … Read more

For Some Collectors, Rashid Johnson’s Work Has Become a Symbol of Access and Influence. How High Can His Prices Go?

With Art Basel in the rear view, Thert-world insiders traded the belle-époque rooms of the Trois Rois hotel for top-deck cabins on their summer yachts, and Hauser and Wirth hosted a reception for Rashid Johnson’s latest solo show at its Mediterranean outpost in Menorca. (Read our review of the show here.) The 45-year-old artist’s recognizable … Read more

Hannah Levy Makes Sculptures That Look Like the Unholy Union of Corbusier and Cronenberg—and the Art World Can’t Get Enough

If the luxury items around us came alive in order to get their revenge, they might look like Hannah Levy’s art. Imagine an Eames chair sprouting chrome claws, or a pair of sleek stilettos perched atop taloned stilts. Striking a balance between seductive and scary, functional and farcical, Levy’s sculptures exude a kind of forbidden-fruit … Read more