It turns out that artist Neo Rauch’s success is based on a “historical misunderstanding,” according to New Yorker + Other Stories
Art Industry News is a daily summary of the most momentous developments in the art world and the art market. You need to know that on Tuesday, September 28th.
Family dispute over looted art troubles auction house – The heirs of a Lovis Corinth painting that the Nazis looted from their grandparents are fighting against the Austrian auction house im Kinsky, which sold the work 13 years ago for 60,000 euros. The house refuses to disclose the identity of the buyer who purchased the work “in good faith”. The anonymous owner of the painting has offered the family to buy it back (the auction house brings in 10,000 euros) or to offer it for sale again, with the family receiving 50 percent of the proceeds. (Times of Israel)
How Michelangelo’s PietÃ¡ was restored – Michelangelo’s PietÃ¡, the unfinished marble sculpture he made for his own tomb, was extensively restored for the first time in almost 470 years. Carried out for over three years in an open restoration laboratory in the Opera del Duomo museum, restorers carefully removed layers of wax and dirt to restore the work to its original shine. (New York Times)
Neo Rauch gets it New Yorker Treatment – In a long New Yorker Profile writer Thomas Meaney traces the improbable rise of the German artist Neo Rauch. Its international success was sparked by a positive testimony by critic Roberta Smith in her 1999 report on the Armory Show, but it was the assumptions of American collectors – and a “transatlantic ruse” – that really sparked it. “A painter who sought to learn from artists beyond the Iron Curtain was mistaken for an experimental socialist realist after the Cold War by a New York art world hungry for Eastern European exoticism,” writes Meaney. âIt didn’t matter that Rauch was born too late for the heyday of socialist realism and had suppressed as much of his early art as possible. When American buyers came to Leipzig, Rauch benefited from this historical misunderstanding. “(New Yorker)
Two men arrested for counterfeiting Japanese art – Former art dealer Yuzo Kato and block printing studio manager Masashi Kitabata were arrested in Japan on suspicion of copyright infringement after prints imitating the works of the late masters Nihonga, including Ikuo Hirayama, circulated on the market. All authorized prints must be made from blocks made by artisans and with permission from the copyright owner (usually the families), which was not the case here. (Kyodo news)
MOVERS & SHAKERS
Basquiat warrior Could bring in $ 25 million at Sotheby’s – Perhaps hoping to replicate Christie’s success with one of Jean-Michel Basquiat’s 1982 “Warrior” paintings in Hong Kong, which sold for $ 41.7 million in February, Sotheby’s is offering at its October 9 auction in Hong Kong a “Warrior” from 1982 on. The work is estimated at HKD 150 to 200 million ($ 19.2 to 25.7 million). (ARTnews)
Cuban artist released from prison – Cuban artist Hamlet Lavastida has been released from prison after three months. He has been accused of “inciting a crime” for creating a series of works of art stamping local currencies with images of two activist movements – San Isidro and 27N – opposing the crackdown on artistic freedoms in the country. He went into exile in Europe. (ARTnews)
“Thinking Contemporary” auction by Artnet Auctions sets new record – Artnet Auctions’ Thinking Contemporary auction sold 94 percent by value, setting a new record for a work by April Gornik that fetched $ 68,750 after 27 bids, significantly surpassing its previous auction high. Other highlights included a saturated paper work by Lisa Yuskavage that raised $ 50,000 and a floral canvas by Marc Quinn that raised $ 87,500. (Press release)
Mr Doodle drops an NFT – The much hyped auction star Mr Doodle dropped an NFT on the SuperRare marketplace. The work, called The living doodle, is an animated version of one of the artist’s signature doodles with some of its recurring characters. The winner will also receive the original canvas. (We checked again that we are not living in a dream of art market fever before we post this, don’t worry.) (Press release)
TO BECOME THE ART
Lubaina Himid brings the government commission for art collections – The British Government Art Collection (GAC) has presented the Turner Prize winner with the Robson Orr TenTen Award 2021. The recognition comes with an assignment: to create a limited edition print that will be displayed in diplomatic buildings around the world. Himid’s print, Old boat, new weather, takes inspiration from traditional seascapes and evokes the story of enslavement and imperial trade. A small number of prints will also be available for sale via Beginning Raise procurement funds for the GAC. (Press release)
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