Art Industry News: The World’s Most Expensive Car Just Sold in a Secret Auction for $143 Million + 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 Friday, May 20.


Instituto de Visión Wins Prize at Frieze—Again – Bogotá-based gallery Instituto de Visión won Frieze’s Frame Stand 2021 award for its “poetic and political” presentation of the works of Tania Candiani. The victory marks the second year in a row for the gallery whose presentation of Wilson Díaz also won the prize last year. (Press release)

Lorraine Hansberry statue to be unveiled in Times Square – A statue of pioneering playwright Lorraine Hansberry, created by Los Angeles-based artist Alison Saar, will be installed in Times Square on June 9. The move is part of a larger celebration of Hansberry, the first black woman to have a show produced on Broadway. (New York Times)

Judge rules prison demolition can go ahead, putting artwork at risk – Artists Kit-Yin Snyder and Richard Haas have failed to demand a halt to the demolition of the Manhattan detention complex in New York’s Chinatown, where their artwork and murals are on the way demolition. The judge rejected their appeal to the Visual Artists‘ Rights Act 1990 and their complaint that moving the artworks would undermine their depiction of “the struggle of immigrants and the desire for justice”. Some of Snyder’s work will be moved to a facility on Rikers Island, while all of the Haas murals there will be destroyed, although administrators have suggested they could be replicated in another prison. (NYT)

Instagram censors photos taken at Louise Bourgeois – Instagram has censored several Instagram posts from visitors to Louise Bourgeois’ exhibition at the Hayward Gallery. A spokesperson for the gallery said the tag was automatically censored for some users and they reported the issue to the social media platform. What remains unclear is whether this is a case of censorship related to the sexual nature of some of Bourgeois’ fabric works featured in the exhibition. (The arts journal)


Souls Grown Deep Board Strengthens Its Board of Directors Contemporary artists Amy Sherald and Sanford Biggers have been elected to the board of the Foundation, which supports the inclusion and empowerment of black Southern artists within the larger framework of art history. Sherald and Biggers join artists Diedrick Brackens and Mary Margaret Pettway, a fourth-generation Gee’s Bend quilter. (Press release)

Sotheby’s sells the most expensive car in its history at auction The 1995 Mercedes-Benz 300 SLR Uhlenhaut Coupé, one of only two prototypes built by Mercedes Benz’s racing department, sold for a staggering 135 million euros ($143 million). The final price exceeds the previous high price for a car – set by a 1963 Ferrari in 2018 – by 90 million euros. Produced by RM Sotheby’s at Mercedes-Benz Museum in Stuttgart on May 5 the sale of the elegant silver racer was secret until now; the buyer is unknown, although he is considered “a well-known figure in the UK motor industry”, who has said he may make the car available to the public on “special occasions”. Proceeds will help establish the Mercedes-Benz Fund to provide resources and scholarships to students in the fields of environmental science and decarbonization. (Press release, Car and Driver)

The Time Capsule Project will bury 1,000 mini sketchbooks in Florida until 2072 – Colossal has partnered with the Brooklyn Art Library on a time capsule project, which will see 1,000 mini sketchbooks buried in a capsule in Florida through the year 2072. They invited submissions by September 16, filled with works of art and stories that offer a snapshot of this moment in history. (It is Colossal)


Madame Tussauds will share a collection of replica clothing from the Queen Seven archival outfits donned by the wax figure of Queen Elizabeth will be showcased as part of the Royal Dress Collection at the London-based tourist attraction as part of the Platinum Jubilee celebration. The replica sets follow a long history between Madame Tussauds and the royal family, dating back to when King George III sat down for Marie Tussaud in 1809. (evening standard)

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