Art Industry News is a daily digest of the most consequential developments coming out of the art world and art market. Here’s what you need to know on this Wednesday, October 26.
NEED-TO-READ
A Deep Dive Into Michael Steinhardt’s Embattled Art Collection – The retired New York hedge funder and antiquities collector, who has surrendered 180 objects valued at $70 million to the D.A. and agreed to a lifetime ban on collecting antiquities, acquired his collection when standards around provenance were considerably lower. The norms have shifted dramatically over the past decade, to the degree that assistant D.A. Matthew Bogdanos suggests that Steinhardt represents a 19th-century collecting mentality of which we are now seeing “the last gasps.” (ARTnews)
Jordan Wolfson Chats With Anne Imhof – Wolfson—who describes Imhof as “a female version” of himself, “from Germany”—digs into cancel culture and the media’s trouble interpreting his work. “Just because you’re using triggering content doesn’t mean you support that triggering content. It means that you’re showing it for a reason,” Wolfson said. “Because it’s art, and you’re opening up a conversation, which is what art is supposed to do.” (Interview)
Bloomberg Goes Deep on NFTs – Finance journalist Matt Levine has penned 40,000 words about the NFT boom, likening most Web3 projects to Ponzi schemes. “Why do you think someone else will buy the tokens? Is it because you think…
