Armory Show director Benjamin Genocchio accused of sexual harassment
The allegations cover the period Genocchio spent as director of the Armory Show as well as the years he served as editor-in-chief for Artnet news and as editorial director for Blouin ArtInfo. Five women have come forward, accusing Genocchio of sexual harassment: “He was incredibly aggressive; he would always touch women”, according to Orit Gat, a former employee of Genocchio’s.
In a statement, the Armory Show has said that the last investigation on Genocchio “did not rise to the level of sexual harassment. We have only recently learned of the allegations related to Mr. Genocchio’s previous employment”, adding that the fair “seeks to maintain a respectful workplace and prohibits harassment or discrimination of any kind”.
As a result, Nicole Berry, who joined the Armory Show after five years as director of EXPO Chicago, will now be the director of the New York fair. More via The New York Times.
The world’s ultra-rich will spend 2.7 billion in art between 2017 and 2026
Adriano Picinati di Torcello, courtesy Deloitte.
According to a report published by Deloitte, written by Adriano Picinati di Torcello and Anders Petterson (director of Deloitte Luxembourg and executive director of ArtTactic, respectively), ultra-rich collectors will spend a staggering 2.7 billion in art in the next ten years. The report, based on information provided by 69 private banks, 155 art professionals and 107 collectors as well as data provided by auction houses and art funds has revealed that:
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48% of collectors, wealth managers and professionals found that the market lacks standards, but they also opted for self-regulation over government intervention
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The African market will see a strong growth, whereas that in Southeast Asia will slow down
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Lastly, two trends: online platforms are playing a bigger role within the art market, both on the primary and secondary markets, and the development of data analysis allows for increased “transparency, valuation accuracy, and risk management of art-related wealth”.
More via The Art Newspaper.
The Nelson-Atkins Museum of Art invests in photography
Following a $10 million gift by the Hall Family Foundation, the Missouri museum has announced the acquisition of some 800 photographs, including works by Joseph Nicéphore Niépce, Dorothea Lange, W. Eugene Smith, Robert Frank, Diane Arbus, Cindy Sherman, Ellsworth Kelly, Carrie Mae Weems and Thomas Struth, spanning a 190-year period.
A selection of the newly-acquired works will be presented in the Spring as part of the exhibition “The Big Picture: A Transformative Gift from the Hall Family Foundation”. Read more on The New York Times.
Hoboken (Parade) by Robert Frank. Courtesy the Nelson-Atkins Museum.
