More information via The Telegraph.
Another blow for Sotheby’s, the auction house has announced losses of $11.2 million in the fourth quarter of 2015. Sotheby’s have justified the results due to “significant charges for voluntary employee buyouts and tax charges related to "repatriating foreign earnings" that resulted in a fourth-quarter net loss of $11.2 million.” More information via The Guardian
Anish Kapoor finds himself at the center of yet another scandal. The Daily Mail has claimed that the artist has been given exclusive rights to use a black paint pigment VantaBlack, recently created by British Company NanoSystems which is so dark that it absorbs 99.96% of the light that hits it. Unsurprisingly a number of artists are outraged. Full article here.
Richard Prince and his gallerist Larry Gagosian have been met with fresh accusations of plagiarism and on Friday they filed a motion to dismiss the new lawsuit brought against them. Following lengthy court proceedings between Prince and photographer Patrick Cariou, the new cause for contention is an image by Donald Graham. The photo, Rastafarian Smoking a Joint (1997), was reproduced by Prince for an exhibition at Gagosian featuring images gleaned from Instagram, displayed with minimal modifications. As with previous trials, the artist and his gallerist are claiming that the piece is transformative. More information via The Art Newspaper.
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February 29 | A daily digest of art news
The wave of departures continues at Sotheby’s, this time it is Chairman Europe, Henry Wyndham, who is leaving the auction house. Following 22 years at the auction house he announced that he was stepping down via an internal email.
