ArtistsAuction Houses 26-10-2016

October 26 | Derrick Adams awarded the 2016 Joyce Alexander Wein Prize, supporting African-American artists

The New York-based artist Derrick Adams has been awarded the 2016 Joyce Alexander Wein Prize, which includes $50,000 in cash.

The prize, established in 2006 and awarded annually by the Studio Museum in Harlem, supports innovative African-American artists. Adams work ranges from photography and sculpture to video and performance. He has been included in MoMA PS1’s 2005 edition of “Greater New York”, was featured in several group exhibitions at the Studio Museum and has been part of three editions of New York’s performing arts biennial Perform. Previous winners of the award include Lorna Simpson (2006), Trenton Doyle Hancock (2007), and Njideka Akunyili Crosby (2015). More details via ARTnews.


Art Basel Hong Kong has revealed the exhibitor list for its 2017 edition, set to take place from March 23-25. The fair’s fifth edition will bring together an impressive 241 galleries from 34 countries, including newcomers Galerie Buchholz, König Galerie, Project Native Informant, Clearing, Luxembourg & Dayan and Various Small Fires. The full exhibitor list is available via Art Basel’s official website.


Düsenjäger (1963), an early photo painting by Gerhard Richter, will go on sale at Phillips this November. The auction house has valued the work at $25 million to $35 million, making the work the highest of the 18 Richter lots at auction in New York next month. The work is part of a group of Richter’s eight early photo-based paintings that depict World War II-era aircraft. Phillips have confirmed that a client has already placed an irrevocable bid, guaranteeing that the artwork sells at auction. Art Journalist Katya Kazakina claims the Richter is being sold by Microsoft founder Paul Allen. Read more on Bloomberg.


Casa Wabi, a residency programme in a remote coastal region of Oaxaca, Mexico, opened a new exhibition space in Mexico City this September which will focus on the work of young artists based in the Mexican capital. Founded in 2014 by the Mexican-born, New York-based artist Bosco Sodi, Casa Wabi was set up as a way to offer a community programme for local people in the poor Oaxaca region. Initially the residencies were offered to established artists such as Xavier Veilhan and Richard Wentworth, but now artists of all levels are encouraged to apply via open calls. The Art Newspaper has more information.


London Mayor Sadiq Khan has pledged to create a trust to finance affordable artists’ studios across the British capital, where rents are continuing to rocket. Drawing on a combination of public and private funds, the Creative Land Trust will provide loans for studio providers and will ensure that workspaces are permanently protected. According to a report by the Greater London Authority, between 2014 and 2019, 3,500 artists are predicted to lose their places of work in the UK capital — a cut of 30%. Khan’s announcement coincides with the launch of Somerset House Studios — a project to turn 36,000 square feet of office space in the former Inland Revenue building behind the Strand in central London into more than 35 studios and project spaces, catering for around 100 artists. The Art Newspaper has more.

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