Art Industry News: Ruthless Market Power Plays Behind 27-Year-Old Painter Anna Weyant’s Meteoric Rise + Other Stories

Art Industry News is a daily roundup of the most important developments emerging from the art world and the art market. Here’s what you need to know this Tuesday, June 21.

I NEED TO READ

Ben Davis on the future of the art world – In his new book, Art in postculture: capitalist crisis and cultural strategy, Artnet News National Art Critic Ben Davis imagines art and life in a near future that could be dystopian, utopian, or something in between. “We’re in a new period that we’re still figuring out because it’s a time when these big, nascent histories are coming together and forming a new kind of intellectual texture,” says Davis. To hear him talk more about his book, listen to his interview on the Art Angle Podcast. (The nation)

UK begins to select art market participants – Art market players handling transactions of €10,000 ($10,498) or more that failed to register with authorities by the June 2021 deadline are starting to receive fines from UK authorities. The measure was imposed under new anti-money laundering legislation, and those who fail to register can face a fine of up to $122,950. (the art newspaper)

Charting the extraordinary rise of Anna Weyant – the Wall Street Journal recounts the steep rise of art market darling Anna Weyant—and the behind-the-scenes market machinations that led her to join Gagosian. As Artnet News Pro initially reported, the 27-year-old’s $1.6 million auction record-setting painting in May was consigned by her former dealer, Tim Blum. He had bought it at his gallery show a year earlier for $15,000. Unhappy with how things turned out, the artist signed a confidential settlement agreement with the gallery earlier this year, according to the Daily. (Wall Street Journal)

German president’s speech at Documenta incites anger – Opening remarks by Frank-Walter Steinmeier at Documenta, made amid dispute over antisemitism around this year’s show, sparked criticism in the German art world and beyond. Stating that artistic freedom has its limits, he said: “Art can be offensive, it should trigger debates. But where criticism of Israel turns into questioning its existence, the line has been crossed.” (monopoly)

MOVEMENTS AND AGITATORS

Why is Twitter a good sales platform for artists? Instagram may be the art world’s favorite social media platform, but apparently Twitter is catching up. Artists are having surprising success with sales and commissions on Twitter thanks to its design, which seamlessly integrates animations, allows users to post up to four images at a time, and helps their work stand out from the text-heavy feed. . (cabling)

Sebastian Cichocki will organize the Irish Biennale – The Chief Curator and Head of Research at the Warsaw Museum of Modern Art will curate the 40th EVA International, Ireland’s Biennale of Contemporary Art, which runs from August 31 to October 29 next year. (Press release)

Ukrainian artist receives presentation from TEFAF – Oleksandr Bohomazov, a key member of the Ukrainian avant-garde, will be the subject of a major presentation at TEFAF Maastricht by James Butterwick, a prominent Russian avant-garde art dealer. The gallery will donate 15 percent of its profits to Ukraine relief funds. (TAN)

FOR THE SAKE OF ART

Monument to Utøya unveiled – The monument commemorating the victims of the Anders Behring Breivik attacks on the Norwegian island of Utøya has finally opened after a series of setbacks and delays. The 2011 mass shooting and bombing killed 77 people, many of them teenagers participating in a youth camp on the island. Overseen by Statsbygg, the Norwegian Directorate of Public Property and Construction, the memorial contains 77 pillars, one for each victim, and a design that reflects the position of the sun at the time of the attacks in Oslo and Utøya. (US)

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