The Book Sold Projects the Book Sold Art Projects
Fine art Industry News is a daily assimilate of the about consequential developments coming out of the art world and fine art market. Here's what you lot need to know on this Tuesday, January xviii.
NEED-TO-READ
Dispute Rages Over Villa With Caravaggio Fresco –Villa Aurora, a Roman villa with a ceiling mural past Caravaggio, goes under the hammer today as role of an inheritance battle betwixt Princess Rita Boncompagni Ludovisi and the sons of her belatedly husband Prince Nicolò Boncompagni Ludovisi. A estimate ruled that the villa should exist auctioned off after they could not come to an understanding on buying. The princess hopes the Italian government will buy it, merely with a a starting bid of €471 million ($536 million), it is unlikely the land will be able to stump up the cash. ( Guardian )
Smithsonian Museums Endure From Staff Shortage –Equally museums across the United States suffer pandemic-related staff shortages, the Smithsonian Institution has shifted to a new schedule. Beginning today, many of its almost popular museums—including the National Museum of Natural History and the National Museum of African American History and Culture (NMAAHC)—volition be open up five days a week indefinitely. Some employees say that even this is not plenty to annul the risks, citing an intruder entering NMAAHC when no guard was posted at the door. (WTOP,Washington Post)
A DAO Bought a Dune Volume at Sale—Merely Didn't Think It Through – A crypto group called Spice DAO bought a rare copy of a volume detailing director Alejandro Jodorowsky'southward efforts to produce an aggressive adaptation of Frank Herbert's science fiction novel Dune in the 1970s. After spending $3 million on information technology at Christie'south Paris, the group planned to splice and sell the volume as NFTs before burning the physical copy. (The book's high estimate was just under $40,000.) There's just one problem: they did not realize that purchasing the book did not grant them ownership of the copyright, which is what would actually enable them to produce the NFTs. ( The Art Newspaper )
Public Banksy Mural Sold to Private Buyer – A landscape of a child with a bucket hat that Banksy painted as part of his summer "spraycation" last year has been sold privately after it was pulled from public sale at Julien's Auctions. The owners of the electrical shop it was painted on in Lowestoft removed the mural in November, disappointing locals who had been enjoying the tourism boost. ( TAN )
MOVERS & SHAKERS
Tate Liverpool Plans Renovation –Tate Liverpool is seeking an architect to oversee an aggressive $34 million restoration project. It is accepting proposals until February 4; the revamp is expected to take three years. ( Artforum )
Desert X AlUla Names Participating Artists –The artist list for the second edition of the sculpture exhibition in the Saudi desert city of AlUla has been revealed. Serge Attukwei Clottey, Claudia Comte, Dana Awartani, Alicja Kwade, and others will nowadays piece of work inspired by the themes of haven and mirage. (Press release)
Phillips Launches a Fiduciary Service –Phillips has launched a new business arm, Phillips Fiduciary Services, to provide legal, financial, and art-market advice. The list of services includes structuring financial arrangements, problem-solving questions relating to authenticity, restitution, and copyright, and offering valuation advice. (Press release)
UAE Announces Venice Artist –The UAE volition present an installation past Mohamed Ahmed Ibrahim at its national pavilion in Venice. Curated by Maya Allison, the project, called Between Sunrise and Sunset, comprises human-sized, abstruse, and organic sculptural forms referencing the artist's mountain hometown of Khor Fakkan. (Printing release)
FOR ART'South SAKE
See Xu Bing's NFT Project for the Trees – Chinese artist Xu Bing has combined 100 kids' drawings with his own calligraphy in a new work chosen Metaverse Forest. The piece builds off his 2008 Forest Project, in which he taught children around the world to draw trees in his Square World Calligraphy style.Metaverse Woods will be minted as a limited NFT series on the eco-focused Polygon blockchain priced at 0.15 ETH each for 150 unique editions. Proceeds get to NGOs planting copse around the world. (Press release)
Metaverse Forest. Courtesy Xu Bing.
Metaverse Wood. Courtesy Xu Bing.
Metaverse Forest. Courtesy Xu Bing.
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Source: https://news.artnet.com/art-world/art-industry-news-january-18-2022-2061070
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