Art Industry News is a daily summary of the most important developments in the art world and the art market. Here’s what you need to know this Wednesday, May 18.
NEED TO READ
Los Angeles Shared Studios Help Artists Succeed – A cohort of Latinx artists share a studio in a warehouse on South Anderson Street in Los Angeles’ Boyle Heights neighborhood and, amid skyrocketing rents and rapid gentrification, their experiment works. “Before, I didn’t feel connected with other artists,” said tenant Alfonso Gonzalez, Jr.. “Then I met these guys. They get it. (New York Times)
Hong Kong art burglars face jail terms – The art thieves who targeted the Hong Kong home of Chinese collector Fu Chunxiao were sentenced to two and a half years in prison. Fu called the sentencing “too lenient” after he stole some 5 billion Hong Kong dollars ($637 million) in art and antiques from his apartment, including a scroll of Mao Zedong calligraphy. The district court noted that the criminals were unaware of the true value of their loot. (South China Morning Post)
The Department of Justice sues Steve Wynn – The US Department of Justice sued the mega-collector, art dealer and casino mogul to force him to register as a lobbyist because he allegedly asked Donald Trump in 2017 for a diplomatic favor long overdue. wanted by the Chinese authorities. The favor involved persuading US officials to release Chinese businessman Guo Wengui, whom Chinese authorities consider a fugitive. A representative for Wynn says he never acted as an agent of the Chinese government. (the wall street journal)
The city of Bayeux and the V&A Museum reach an agreement on the tapestry – Researchers from the Victoria & Albert Museum in London and the city of Bayeux have agreed to share their research and expertise around the precious 11th century Bayeux Tapestry. The priceless work is in poor condition and too fragile to travel; researchers will work on its restoration when the Bayeux Museum closes for renovation in 2024. (Press release)
MOVERS AND SHAKERS
Louis Vuitton announces a collaboration with Yayoi Kusama – Ten years after the luxury brand first teamed up with the beloved Japanese artist, Louis Vuitton and Yayoi Kusama reunite the band. The new line, inspired by the mirrored orbs in its “Infinity Mirrored Rooms”, includes iconic bags decorated with 3D silver balls. The collaboration was previewed at the brand’s Cruise 2023 collection show in San Diego. (Highsnobiety)
The Warhol Foundation pledges $350,000 to Ukraine Relief Aid – The Andy Warhol Foundation for the Visual Arts is donating $350,000 to help those working to save Ukrainian culture amid the ongoing Russian invasion. Funding will be split between the Emergency Support Initiative, Ukrainian Art Emergency Fund, Perpetuum Mobile Artists at Risk, and Art at Risk Connection. (ART news)
Jorge Pardo and Alexis Johnson have married – vogue secured a front-row seat to the wedding of Paula Cooper Gallery partner Alexis Johnson and artist Jorge Pardo. The two were married at Hacienda Tecoh, Pardo’s lush art project on the site of 17th-century ruins an hour from Mérida, Mexico, where the couple have a home. Johnson wore bespoke Christopher John Rogers. Congratulations to the happy couple! (vogue)
Lisa Cooley joins various small fires – Lisa Cooley, who ran an eponymous gallery in downtown New York and is also a veteran of Paula Cooper, Andrea Rosen and Nicole Klagsbrun, has joined Various Small Fires as Senior Director. She will help oversee the gallery’s locations in Los Angeles, Seoul and Dallas. (instagram)
Supreme teams up with Roy DeCarava – The estate of the late photographer collaborates with the skater brand on a capsule collection. The t-shirts and hoodie will feature the black-and-white images DeCarava is known for, including a photo of Malcolm X from 1964. All proceeds from the drop, which will go live in the US on 19 May, will go to Harlem’s Schomburg Center for Research in Black Culture. (hypebeast)
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