Your Weekly Art News is a digest of the most important developments coming out of the art world from markets, finance, upcoming shows, exhibitions, and scandals. Here’s what you need to know this Monday, May 7th.
- Julia Halperin and Jerry Saltz both weigh in on the state of art fairs. “‘It Isn’t Working Anymore’: Dealers at Frieze New York Reckon With the Thorny State of the Art Market,” and “A Modest Proposal: Break the Art Fair“, as per Jerry Saltz:
As a system, art fairs are like America: They’re broken and no one knows how to fix them. Like America, they also benefit those at the very top more than anyone else, and this gap is only growing. Like America, the art world is preoccupied by spectacle — which means nonstop art fairs, biennials, and other blowouts. Yet the place where new art comes from, where it is seen for free and where almost all the risk and innovation takes place — medium and smaller galleries – are ever pressured by rising art fair costs, shrinking attendance and business at the gallery itself, rents, and overhead. This art-fair industrial complex makes it next to impossible for any medium/small gallery to take a chance on bringing unknown or lower-priced artists to art fairs without risking major financial losses. Meanwhile high-end galleries clean up without showing much, if anything, that’s risky or innovative.
- The Étienne Terrus Museum has discovered nearly half of its collection is fake after a visiting art historian made the discovery during a recent trip to the provincial French museum, as per artnet News:
The art historian informed the region’s cultural minister and convened a panel of experts, who confirmed his suspicions. “At a stylistic level, it’s crude,” Forcada said, referring to the fakes. “The cotton supports do not match the canvas used by Terrus. And there are some anachronisms.”
- All but three of the 54 students in enrolled in Columbia University‘s visual arts MFA program demanded full tuition refunds, citing decrepit facilities and absentee instructors.
- Protests continue at the Brooklyn Museum over calls for its decolonization:
- Speaking of decolonization, Germany’s culture minister, Monika Grütters, pledged to secure funding for museums to research the provenance of artifacts acquired from former colonies.
- Back to Frieze New York, here’s our collection of the best and the brightest: