A step-by-step guide to how Russian oligarch art collectors evade sanctions + Other stories

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, March 23.

NEED TO READ

Superyachts are the new private art gallery – In an extremely niche form of service journalism, Robb Report explores how the ultra-rich can safely store and display their Basksys and Basquiats aboard their superyachts. Perhaps surprisingly, a yacht’s advanced air conditioning system, humidity controls, and security can provide a suitable environment for fine art. Don’t forget to take out an extensive insurance policy, store documents on board for customs and analyze lighting conditions before installation. (Robb Report)

Wollongong Art Gallery investigates late donor’s links to Holocaust The late Bronius “Bob” Sredersas, who donated 100 works to the institution in 1976 and has a gallery there named after him, may have been a Nazi collaborator before he left Lithuania for Australia in 1950. A former government official found out that Sredersas was a policeman before the war, and many policemen in Lithuania were responsible for murders during the Holocaust. The city council agreed to investigate. (ABC News)

How collectors avoid penalties with art – Sanctions seem like a great way to pressure Russia, but sometimes adding a name to a list can only go so far. In a recent episode, the Daily podcast revisited the story of billionaire oligarch Arkady Rotenberg, who was sanctioned by the United States after Russia invaded Crimea in 2014. Eight weeks later, he has bought a $6 million painting in New York. “The game is to hide your name in order to continue doing business,” explained journalist Matt Apuzzo. It is easy for a sanctioned individual to continue buying art and properties as long as they have a trusted intermediary to set up a front company. “When you decide to buy a work of art…this business buys that work of art,” Apuzzo said, adding that art dealers don’t have enough incentives to know who their customers are. (The Daily)

Filmmakers’ lack of interest in horror art films John Waters – “What shocks me is that they don’t care about art films,” the filmmaker and visual artist still quoted at New York Times before the release of his first novel, Liarmouth: a sentimental romance. “They want to go to a mall. They want to sit in stadium seats. They want special effects. I’m the minority here, obviously. (New York Times)

MOVERS AND SHAKERS

The Smithsonian lists potential sites for new museums – Twenty recommendations, including the Arts and Industries Building and FBI Headquarters, have been proposed as potential locations for the highly anticipated National Museum of the Latino American and the American Women’s History Museum in Washington, D.C. A shortlist of six to seven will be announced this summer. (The arts journal)

New York mayor could cut culture budget – The city’s Department of Cultural Affairs could receive a $72 million funding cut in the next fiscal year if Eric Adams’ proposed budget is approved. The proposal appears to contradict the plan he published during his campaign, which included the creation of a “Culture at Risk” task force and a new cultural district on Governor’s Island. (Hyperallergic)

The Burning Man festival opens in the UK next month – On April 9, ‘Radical Horizons: The Art of Burning Man’ will open Chatsworth House, the former estate of the Duke of Devonshire in the Derbyshire Dales. The free exhibit will feature 12 sculptures created by Burning Man artists scattered across the scenic landscape. In a development that looks very 2022, the unusual alliance between the Duke and the hippy arts festival was forged by Sotheby’s. (Guardian)

Berlin artists hold auction in support of Ukrainian refugees – Works by Eliza Douglas, Anne Imhof, Ólafur Eliasson, Cyprien Gaillard, Marc Brandenburg, Alicja Kwade and Christine Sun Kim are among 33 pieces to be sold online from April 1-10 by Grisebach auction house in Berlin to raise funds for Ukraine. refugees under the “Artists for Ukraine” initiative. (Monopoly)

FOR ART

Pipilotti Rist’s installation illuminates the National Museum of Qatar – Composed of 12,000 LED lights, the immersive installation by the Swiss artist Your brain for me, my brain for you can be seen at the Doha Museum until December 20. The Instagram-friendly display is designed to attract crowds heading to the FIFA World Cup Qatar 2022, which is due to take place from November 21 to December 18. (Press release)

Pipilotti Rist, Your brain to me, my brain to you. Courtesy of Qatar Museums.

To follow Artnet News on Facebook:


Want to stay one step ahead of the art world? Subscribe to our newsletter to receive breaking news, revealing interviews and incisive reviews that move the conversation forward.


Source link

Comments are closed.