InstitutionsAuction Houses 07-12-2017

December 7 | Salvator Mundi will go to the Louvre Abu Dhabi

It turns out that the record-breaking Da Vinci did not go to an investment fund in the end — but to an important cultural institution. In other news, a new study reveals a dire reality in UK institutions when it comes to sexual harassment.


The Salvator Mundi will go to the Louvre Abu Dhabi

Following a tweet by Christie’s last night, The New York Times has confirmed that Leonardo Da Vinci’s Salvator Mundi will go to the Louvre Abu Dhabi. The masterpiece was acquired by Saudi prince Bader bin Abdullah bin Mohammed bin Farhan al-Saud, a friend and associate of the Crown Prince, Mohammed bin Salman. The prince, one of Saudi Arabia’s youngest entrepreneurs, has no history of collecting art.

 

Courtesy Christie's.

 

 

A new report reveals the dire reality of sexual harassment in the UK

A new report by the Cambridge organization Arts Professional has revealed shocking statistics as to sexual harassment in UK art institutions: 80% of the 1,580 respondents revealed that they were aware of incidents of sexual harassment, with 48% of them having experienced it. Of these cases, 73% went unreported.

The survey has also revealed that those most likely to be victims of sexual harassment were people working in performance or producing art (61%) and freelance workers (61%), with women being twice as likely to be victims. More via The Art Newspaper.

 


 

 

 

The Museum of Contemporary Art Cleveland turns 50 and launches new art prize

Named after collector Toby Devan Lewis, The Museum of Contemporary Art Cleveland’s new art prize — Toby’s Prize — will be awarded every two years and will include prize money of $50,000.

The museum, which does not have a permanent collection, will commission a new work to the laureate, who will have a solo show at the institution. Half of the prize money will go towards the production of the new commission. The first winner of the Toby’s Prize will be announced next spring. Read more on ARTnews.

 

Cleveland's Museum of Contemporary Art.

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