Art Industry News: World’s Most Expensive Car Just Sold for $143 Million at Secret Auction + Other Stories

Art Industry News is a daily digest of the most important developments in the art world and the art market. Here’s what you need to know on Friday, May 20th.

need to read

Instituto de Visión wins again at Frieze – Bogota-based Instituto de Visión has won Frieze’s 2021 Framed Booth Award for its “poetic and political” presentation of Tania Candiani’s work. The award marks the second year in a row that the gallery has received a Wilson Díaz presentation, which it also won last year. (Press release)

Lorraine Hansberry statue to be unveiled in Times Square – A statue of avant-garde playwright Lorraine Hansberry by Los Angeles-based artist Alison Saar will be installed in Times Square on June 9. The move is part of a wider celebration of Hansberry, the first black woman to perform on Broadway. (New York Times)

Judge rules prison demolition can move forward, putting artwork at risk – Artists Kit-Yin Snyder and Richard Haas have unsuccessfully petitioned to stop the demolition of the Manhattan detention center in New York’s Chinatown, where their artwork and murals are being removed. The judge dismissed their appeal against the Visual Artists Bill of Rights 1990, complaining that the removal of the artwork would damage their depiction of the “immigrant struggle and desire for justice.” Some of Snyder’s work will be moved to a facility on Lex Island, while all of Haas’ on-site murals will be destroyed, although administrators have suggested it could be replicated at another prison facility. (New York Times)

Photo by Instagram censors at Louise Bourgeois – Instagram censored multiple Instagram posts by visitors to the Louise Bourgeois exhibition at Hayward Gallery. A gallery spokesperson said the hashtag was automatically censoring some users and had reported the issue to the social media platform. What is unclear is whether this is a case of censorship related to the sexuality of some of the bourgeois fabric pieces featured in the exhibition. (art newspaper)

Movers and Vibrators

Souls Grown Deep Beefs Up Board Contemporary artists Amy Sherald and Sanford Biggers have been elected to the Board of Trustees of the Foundation, which supports the inclusion and empowerment of Black Southern artists in the broader art history canon. Sherald and Biggers join artist Diedrick Brackens and fourth-generation Gee’s Bend quilter Mary Margaret Pettway. (Press release)

Most expensive car ever sold at Sotheby’s The 1995 Mercedes-Benz 300 SLR Uhlenhaut Coupé, one of only two prototypes built by Mercedes-Benz’s motorsport division, sold for a staggering 135 million euros ($143 million). The final price was 90 million euros more than the previous high price for the car set by Ferrari in 2018 in 1963.By RM Sotheby’s at May 5, Mercedes-Benz Museum, Stuttgart, Discount The slick silver racer’s secret until nowThe buyer is unknown, but is believed to be a “well-known figure in the UK automotive industry” who has said he may offer the car to the public on “special occasions”. Proceeds will establish the Mercedes-Benz Fund, which provides resources and scholarships for students in environmental science and decarbonization. (Press release, car and driver)

The Time Capsule Project will bury 1,000 miniature sketchbooks in Florida until 2072 – Colossal has partnered with the Brooklyn Art Library on a time capsule project that will see 1,000 mini sketchbooks in a capsule in Florida until 2072. They’ve invited submissions until September 16th, and it’s filled with artwork providing snapshots and stories of this moment in history. (This is huge)

for art

Madame Tussauds to share Queen costume replicas Seven archival outfits worn by Queen Elizabeth’s wax figure will be on display at London tourist attractions as part of the Royal Costume Collection as part of the Platinum Jubilee Celebration. The replicated ensemble follows a long history between Madame Tussauds and royalty, dating back to 1809 when King George III sat down for Madame Tussauds. (Evening Standard)

Instagram will load on the front end.

follow artnet news on Facebook:

Want to stay ahead in the art world? Subscribe to our newsletter for breaking news, eye-opening interviews and insightful critiques that move the conversation forward.

Leave a Reply

Your email address will not be published. Required fields are marked *