Art Industry News: The World’s Most Expensive Car Just Sold At A Secret Auction For $143 Million + Other Stories

Art Industry News is a daily summary of the most radical developments coming from the art world and the art market. This is what you need to know on Friday 20 May.


Vision Institute wins prize at Frieze—Again – Bogotá-based gallery Instituto de Visión has won Frieze’s 2021 Frame Stand Prize for its “poetic and political” presentation of works by Tania Candiani. The win marks the second year in a row for the gallery whose presentation by Wilson Díaz also earned it the award last year. †press release

Lorraine Hansberry statue 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 wider celebration of Hansberry, the first black woman to have a Broadway show produced. †New York Times

Judge rules prison demolition can go ahead, endangering artworks Artists Kit-Yin Snyder and Richard Haas were unsuccessful in their plea to halt the demolition of the Manhattan Detention Complex in New York’s Chinatown, where their artwork and murals are on the verge of being demolished. The judge dismissed their appeal under the Visual Artist Rights Act of 1990, complaining that moving the artworks would jeopardize their portrayal of “the immigrant struggle and the desire for justice.” Some of Snyder’s work will be moved to a facility on Rikers Island, while all of Haas’s murals will be destroyed on site, although administrators have suggested they could be reproduced in another prison facility. †NOW

Instagram censors photos taken at Louise Bourgeois – Instagram has censored multiple Instagram posts from visitors to the Hayward Gallery’s Louise Bourgeois exhibition. A spokesperson for the gallery said the tag is being automatically censored for some users and it has 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’ fabrics on display in the exhibition. †the art newspaper


Souls Grown Deep Beefs Up Board of Directors Contemporary artists Amy Sherald and Sanford Biggers have been elected to the Foundation’s board of directors, which supports the inclusion and empowerment of Black Southern artists in the wider art historical canon. Sherald and Biggers join artists Diedrick Brackens and Mary Margaret Pettway, a fourth-generation Gee’s Bend quilter. †press release

Sotheby’s sells most expensive car ever at auction The 1995 Mercedes-Benz 300 SLR Uhlenhaut Coupé, one of only two prototypes built by the Mercedes Benz racing department, has sold for a whopping €135 million ($143 million). The final price surpasses the previous high price for a car – set by a 1963 Ferrari in 2018 – by €90 million. Conducted by RM Sotheby’s in the Mercedes-Benz Museum in Stuttgart on May 5, the sale of the sleek silver racer was secret until now† the buyer is unknown, although he is considered “a well-known figure from the British motor industry”, who has said he could offer the car to the public on “special occasions”. With the proceeds, the Mercedes-Benz Fund is established to provide resources and scholarships to students in the field of environmental science and decarbonisation. †Press release, Car and driver)

Time Capsule Project Buries 1,000 Mini Sketchbooks in Florida Until 2072 Colossal is collaborating with the Brooklyn Art Library on a Time Capsule Project, which will involve burying 1,000 mini sketchbooks in a capsule in Florida through the year 2072. They invited submissions by September 16, filled with artwork and stories that capture a snapshot of this moment in history. †This is Colossal


Madame Tussauds shares replica dress collection of the Queen’s clothes Seven archival outfits worn by the wax figure of Queen Elizabeth will be on display as part of the Royal Dress Collection at the London-based tourist attraction as part of the Platinum Jubilee celebrations. The replica ensembles trace a long history between Madame Tussauds and the Royal Family, dating back to the time when King George III sat for Marie Tussaud in 1809. †Evening Standard

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