Art Industry News is a daily digest of the most important developments from the art world and the art market. Here is what you need to know on Friday, September 17.

NEED TO READ

Nobody cares about anything that no longer paints – Despite Big Fun Art’s continued appeal for Instagram selfies, it has been the humble medium of painting that has inspired collectors to spend over the past two years. As Art Basel approaches, buyers are expected to show their speculative muscles in the white-hot market of dynamic young painters. “People are just overwhelmed by this phenomenon of paintings that can be bought for $ 25,000 and then be worth $ 5 million in a few years,” said anti-trend dealer Jeffrey Deitch. brings a $ 3 million bread house by Urs Fischer. for justice. (Bloomberg)

The Struggle of Myanmar Artists – Myanmar artists are suffering along with the rest of the population under Tatmadaw’s military dictatorship, the worsening Covid-19 crisis and the collapse of the economy. Artist Htein Lin counted 117 artists, mostly from an older generation, who died from the virus. “It reminds me of how intellectuals were all killed by the Khmer Rouge and they lost a generation,” he said. (The arts journal)

The artist Hito Steyerl declines the highest German distinction – The German artist turned down the Federal Cross of Merit to protest the nation’s handling of the pandemic. In a letter published in Die zeit, she said the decision to pick her sounded like an exercise in ‘cleaning up diversity’ for the sake of honor, and explained that she felt the country’s partial lockdown was ‘half baked and never ending’, penalizing unfairly culture and education while allowing business activities to continue. (ARTnews)

Experts say Vinland’s map is a fake – Experts have concluded that the Vinland Map, believed to be a 15th-century map depicting part of the North American coast in southwest Greenland that would have proven that the Normans were the first to discover America, is in fact a fake. Researchers at Yale University, owner of the card since 1965, found that it was “awash in 20th century ink.” (Daily mail)

MOVERS AND FITTERS

TEFAF online sells to museums – Several museums have made their purchases on TEFAF Online, in particular the Rijksprentenkabinet of Amsterdam, which recovered a work of the Venetian school of Nicolaas Teeuwisse OHG, and the Clark Art Institute, which acquired a work of Hortense Haudebourt-Lescot of the 19C gallery. (Daily Artfix)

1-54 announces special projects – Artist Lakwena Maciver will transform the courtyard of Somerset House with large-scale interactive basketball paintings as part of the 1-54 Contemporary African Art Fair in London from October 14-17. The fair is also partnering with curator Christine Eyene, who will select the works for display at Christie’s King Street Galleries during the fair. (Press release)

Sim Smith to open new gallery in London – Sim Smith will open a new space in October at 6 Camberwell Passage in south London, marking the gallery’s return to the Camberwell district, where it previously had a space. The first exhibition will feature works by London painter David Surman. (Press release)

NADA opens a project space in New York – The New Art Dealers Alliance has opened a project space in a mall in Manhattan’s Chinatown. The teen space at 75 East Broadway – it’s about the size of an art fair booth – will showcase the work of artists from member galleries based outside of New York City year round. (Hyperallergic)

Artnet Auctions goes to the last frontier – A sale of 1960s NASA photographs had stellar results (get it?) This week, with a value sale rate of 113% and an average transaction value of $ 8,600. The sale was the first of its kind held on the platform, featuring old photographs taken by NASA during space missions. (Press release)

FOR THE LOVE OF ART

The Kitchen Launches $ 28 Million Fundraising Campaign – The New York arts association is seeking to raise $ 28 million over five years to fund the renovation of its historic home on West 19th Street in Chelsea. The Kitchen’s new director, Legacy Russell, is spearheading the campaign, which kicked off on Tuesday with a gala honoring artist Cindy Sherman and musician Debbie Harry. The redesign will add a new gallery space and an artist studio. (Art Forum)

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