Art Industry News: Billionaire Hedge-Funder Ken Griffin Moves His Megawatt Art Collection to Florida While Suing the Government + Other Stories

Artwork Market News is a everyday digest of the most consequential developments coming out of the art globe and art industry. Here’s what you need to know on this Friday, December 16.

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Prado Updates Its Labels to Boost Females Patrons – The Spanish museum is revising its tours and wall labels to spotlight historic women who built the collection attainable and clear away outdated language like “wife of” to establish historic patrons. The software, El Prado en feminine, is centered on study by art historian Noelia García Pérez, who analyzed work in the museum’s assortment relationship from 1451 to 1633. (ARTnews)

New York Town Arts Businesses Get $58 Million – More than 1,000 arts businesses will get grants from the city’s Cultural Growth Fund, with a part of the funds earmarked for entities committed to underserved communities, which includes disabled artists and audiences and those people whose initially language is not English. (New York Occasions)

Ken Griffin Is Suing the IRS and Moving His Art to Florida – The billionaire art collector has moved his hedge-fund business—and, as it turns out, his artwork collection—to South Florida. Griffin was a longtime supporter of the Art Institute of Chicago, where his expensive Pollock, Rothko, de Kooning, Ryman, and other paintings ended up on financial loan. But he has not too long ago shifted his loyalties, hanging the identical operates at the Norton Simon Museum in Palm Beach front. In the meantime, the billionaire is in the midst of a lawsuit towards the IRS more than the leak of his tax and cash flow information, which were produced general public as portion of an investigation by ProPublica. (ARTnews, Vainness Good)

Bookforum Gets an Obit – David L. Ulin, the e-book critic for the Los Angeles Occasions, penned an obituary for Bookforum, which not long ago introduced its recent challenge would be its last adhering to the acquisition of its sister publication Artforum by Penske Media Corp. The closure, Ulin wrote, provides “this perception of decline and anger, this experience that a thing critical is being needlessly destroyed.” (Los Angeles Instances)


Deborah Willis Wins $200,000 Award – The Crystal Bridges Museum of American Art has awarded Deborah Willis the $200,000 Don Tyson Prize, which goes to an unique or establishment in the U.S. doing work in any medium who is moving art ahead. Willis is a photographer, creator, and curator who focuses on cultural histories envisioning the Black human body, women of all ages, and gender. (Push launch)

Biden Taps Chief for Arts Committee – Tsione Wolde-Michael, director of the Heart for Restorative Background at the Smithsonian’s National Museum of American History, will turn into the executive director of the reconstituted President’s Committee on the Arts and the Humanities, which disbanded in 2017 beneath the Donald Trump administration. She is the first Black leader of the committee. (TAN)

Phillips Announces Close-of-Yr Complete – Phillips bought $1.3 billion in luxury goods in 2022, the greatest yearly overall in the company’s historical past, surpassing past year’s document $1.2 billion. Its auction gross sales arrived at $1 billion, a slight raise from 2021’s $993.3 million, when personal sales grew by 20 percent 12 months above yr. The household claimed that 47 p.c of buyers were new clientele and almost a third have been millennials. (Press release)

Hartwig Artwork Foundation Teams Up With Performa – The basis, which is creating a new museum for modern art in Amsterdam, has shaped an institutional partnership with the New York effectiveness-art group to commission and generate new operates, expand the Performa archive, and launch a fellowship. (Press release)


Ben Davis’s E book Is an NYT Pick – Artwork in the Following-Culture: Capitalist Crisis & Cultural System by Artnet News’s national artwork critic has been named a single of the very best art books of 2022. “An inform info hoarder, a shrewd analyst, and a propulsive stylist, Davis views the incredibly hot-air balloon referred to as the art environment in a wide political context,” Holland Cotter wrote. “He writes with the coolness of a sociologist, the enthusiasm of a person with a horse in the race, and the smarts to steer clear of both equally cheerleading and snootiness.” (New York Occasions)

Ben Davis, <i>Art in the After-Culture: Capitalist Crisis and Cultural Strategy</i> (2022). Courtesy of Haymarket Books.

Ben Davis, Art in the After-Tradition: Capitalist Crisis and Cultural System (2022). Courtesy of Haymarket Publications.

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Kenneth Proto

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