Art Industry News: Fish and Swans Return to Venice’s Canals as Italy’s Lockdown Leaves the Water Uncannily Pristine + Other Stories - artnet News | Canada News Media
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 Tuesday, March 17.
NEED-TO-READ
Kenny Schachter’s Inigo Philbrick Opus – Artnet News’s columnist shares his adventures with fallen art dealer Inigo Philbrick, who was often (but not always) the source Schachter dubbed Deep Pockets in his articles. The master art flipper was selling works by Rudolf Stingel and Christopher Wool, making tons of money for his clients and himself—until the whole ploy began to tank. Since late 2019, Philbrick has been in hiding as accusations of fraud pile up. “No one, in fact, wanted to admit to even knowing him, much less doing business with him, but they all did,” Schachter writes. “Philbrick’s unbridled hubris had a big hand in his implosion, which is slowly becoming apparent still.” (Vulture)
Prada’s CEOs Donate Funds to Build ICUs – In Italy, where doctors are reportedly having to make gut-wrenching decisions about who lives and who dies due to scarce medical equipment, the co-CEOs of Prada, Patrizio Bertelli and Miuccia Prada (who also founded the Prada Foundation in locked-down Milan), are donating six intensive care units to three Milanese hospitals. As of Monday morning, 1,809 people have died in Italy as doctors have begun the grim task of offering ICU assistance to those with the “best chance of success.” (The Cut)
Silver Lining? Venice’s Canals Look Cleaner – Here’s one thin silver lining amid Italy’s lockdown—the canals appear to be looking cleaner. As tourists leave Venice, museums close, and major events like the Venice Architecture Biennale are postponed, the city has begun to observe the return of wildlife. Photographs of fish swimming in clearer canal water and swans gliding along the surface have attracted thousands of likes on Facebook. Ironically, of course, the photographs have been taken by residents from their windows as they are self isolating at home. (The Art Newspaper)
UK Museums Association Calls for Emergency Funding – The Museums Association recently met with the UK’s department for digital, culture, media, and sport to discuss the impact of the pandemic on the museum, gallery, and heritage sectors. The director of the advocacy group says that money budgeted for the so-called “festival of Brexit” in 2022 should be diverted toward arts institutions under thread amid the COVID-19 outbreak. The £120 million in government investment that has been earmarked for the festival could instead “support museums at risk of permanent closure as a result of the coronavirus epidemic,” says Museums Association director Sharon Heal. (TAN)
ART MARKET
Wealthy Collectors Are Taking Out Major Art Loans – The art market may have ground to a halt, but the business of art financing is booming. As the stock market enters a period of upheaval, collectors are looking to offset the cost of margin calls after borrowing against stock holdings. The art-financing division of the Fine Art Group has seen a twofold spike in inquiries over the past two weeks from clients looking to take out loans against objects including a $10 million Basquiat and some $30 million worth of diamonds. (Bloomberg)
Object & Thing Fair Postponed to November – In what looks like the first May fair to reschedule as a result of the ongoing health emergency, the inventive art and design event will postpone its second edition from May 7 to 10 until November 13 to 15. For a full list of arts-related postponements and closures, click here. (Press release)
Christie’s Shifts to Remote Working – Christie’s London employees will begin working remotely as of today for the next two weeks. (The office had been one of the only holdouts amid a closure of the auction house’s international locations.) A small team will stay in place at King Street to support this week’s sales in London. By Friday, March 20, all Christie’s employees worldwide will be working from home. (Press release)
COMINGS & GOINGS
Art Dubai Cancels Events – The Middle East fair—which had already scaled back to a local-only event—has now called off all live programming and will focus instead on digital content, including an online catalogue, a global art forum livestream, and an online performance program curated by Marina Fokidis. The virtual event will launch on March 23, 2020. (Press release)
Vermont-Based Artist Wolf Kahn Has Died – The artist Wolf Kahn has died at age 92. Born in Germany, he moved to the US as a teenager to escape Nazi persecution. After serving in the US Navy, he studied under painter Hans Hofmann thanks to the GI Bill. His Vermont landscapes are in the collections of major institutions as well as the private collections of Bill Clinton, Michael Bloomberg, and Henry Kissinger, among others.(VT Digger)
FOR ART’S SAKE
Philanthropist Falls Ill After Museum Fundraiser – Prominent Louisville philanthropist Christy Brown, who is in her 70s, has been diagnosed with COVID-19 and is in stable condition. She attended the Speed Art Museum Ball on March 7. Another other guest at the event who tested positive is symptom-free. The museum is now closed. (WFPL)
Islanders Will Create Textile Art in Self-Isolation – A community group on the remote Scottish island of Barra is urging people who are self-quarantined around the globe to contribute crocheted squares that can be combined to form a monumental work of textile art. The colorful squares will be linked to make “yarn bomb” Christmas trees in December, when the pandemic has hopefully subsided. (Times)
Daniel Arsham Reveals a Gun-Toting Dior Saddlebag – The American artist has offered an outtake from his recent collaboration with Dior on Instagram. The saddlebag—which appears to show the outline of a revolver on the front and an airplane seatbelt-inspired strap—never made it into production. “Maybe one day…” Arsham writes wistfully. (Hypebeast)
LONDON (AP) — With a few daubs of a paintbrush, the Brontë sisters have got their dots back.
More than eight decades after it was installed, a memorial to the three 19th-century sibling novelists in London’s Westminster Abbey was amended Thursday to restore the diaereses – the two dots over the e in their surname.
The dots — which indicate that the name is pronounced “brontay” rather than “bront” — were omitted when the stone tablet commemorating Charlotte, Emily and Anne was erected in the abbey’s Poets’ Corner in October 1939, just after the outbreak of World War II.
They were restored after Brontë historian Sharon Wright, editor of the Brontë Society Gazette, raised the issue with Dean of Westminster David Hoyle. The abbey asked its stonemason to tap in the dots and its conservator to paint them.
“There’s no paper record for anyone complaining about this or mentioning this, so I just wanted to put it right, really,” Wright said. “These three Yorkshire women deserve their place here, but they also deserve to have their name spelled correctly.”
It’s believed the writers’ Irish father Patrick changed the spelling of his surname from Brunty or Prunty when he went to university in England.
Raised on the wild Yorkshire moors, all three sisters died before they were 40, leaving enduring novels including Charlotte’s “Jane Eyre,” Emily’s “Wuthering Heights” and Anne’s “The Tenant of Wildfell Hall.”
Rebecca Yorke, director of the Brontë Society, welcomed the restoration.
“As the Brontës and their work are loved and respected all over the world, it’s entirely appropriate that their name is spelled correctly on their memorial,” she said.
In a case that has sent shockwaves through the Vancouver Island art community, a local art dealer has been charged with one count of fraud over $5,000. Calvin Lucyshyn, the former operator of the now-closed Winchester Galleries in Oak Bay, faces the charge after police seized hundreds of artworks, valued in the tens of millions of dollars, from various storage sites in the Greater Victoria area.
Alleged Fraud Scheme
Police allege that Lucyshyn had been taking valuable art from members of the public under the guise of appraising or consigning the pieces for sale, only to cut off all communication with the owners. This investigation began in April 2022, when police received a complaint from an individual who had provided four paintings to Lucyshyn, including three works by renowned British Columbia artist Emily Carr, and had not received any updates on their sale.
Further investigation by the Saanich Police Department revealed that this was not an isolated incident. Detectives found other alleged victims who had similar experiences with Winchester Galleries, leading police to execute search warrants at three separate storage locations across Greater Victoria.
Massive Seizure of Artworks
In what has become one of the largest art fraud investigations in recent Canadian history, authorities seized approximately 1,100 pieces of art, including more than 600 pieces from a storage site in Saanich, over 300 in Langford, and more than 100 in Oak Bay. Some of the more valuable pieces, according to police, were estimated to be worth $85,000 each.
Lucyshyn was arrested on April 21, 2022, but was later released from custody. In May 2024, a fraud charge was formally laid against him.
Artwork Returned, but Some Remain Unclaimed
In a statement released on Monday, the Saanich Police Department confirmed that 1,050 of the seized artworks have been returned to their rightful owners. However, several pieces remain unclaimed, and police continue their efforts to track down the owners of these works.
Court Proceedings Ongoing
The criminal charge against Lucyshyn has not yet been tested in court, and he has publicly stated his intention to defend himself against any pending allegations. His next court appearance is scheduled for September 10, 2024.
Impact on the Local Art Community
The news of Lucyshyn’s alleged fraud has deeply affected Vancouver Island’s art community, particularly collectors, galleries, and artists who may have been impacted by the gallery’s operations. With high-value pieces from artists like Emily Carr involved, the case underscores the vulnerabilities that can exist in art transactions.
For many art collectors, the investigation has raised concerns about the potential for fraud in the art world, particularly when it comes to dealing with private galleries and dealers. The seizure of such a vast collection of artworks has also led to questions about the management and oversight of valuable art pieces, as well as the importance of transparency and trust in the industry.
As the case continues to unfold in court, it will likely serve as a cautionary tale for collectors and galleries alike, highlighting the need for due diligence in the sale and appraisal of high-value artworks.
While much of the seized artwork has been returned, the full scale of the alleged fraud is still being unraveled. Lucyshyn’s upcoming court appearances will be closely watched, not only by the legal community but also by the wider art world, as it navigates the fallout from one of Canada’s most significant art fraud cases in recent memory.
Art collectors and individuals who believe they may have been affected by this case are encouraged to contact the Saanich Police Department to inquire about any unclaimed pieces. Additionally, the case serves as a reminder for anyone involved in high-value art transactions to work with reputable dealers and to keep thorough documentation of all transactions.
As with any investment, whether in art or other ventures, it is crucial to be cautious and informed. Art fraud can devastate personal collections and finances, but by taking steps to verify authenticity, provenance, and the reputation of dealers, collectors can help safeguard their valuable pieces.