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Prominent Art Advisor Lisa Schiff Has Been Hit With a Second Lawsuit, Alleging She Embezzled Nearly $3 Million

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High-profile art advisor Lisa Schiff was hit with a second lawsuit from longtime client and close friend Candace Barasch, who claims Schiff owes her at least $2.5 million plus interest and damages for a series of art purchases Schiff was meant to facilitate for Barasch that were only partially completed or never completed. 

This second suit, filed on May 17 in New York State Supreme Court, outlines a years-long pattern: Schiff would allegedly alert Barasch of available paintings for sale—all of which were by in-demand contemporary artists with fast-rising prices—get her permission to acquire the piece, take full or partial payment—including a sales commission, taxes, and crating, shipping and insurance fees—and then in most cases fail to complete the purchase. 

The suit alleges breach of contract, conversion, fraud, conspiracy, replevin, and unjust enrichment. Schiff and the limited liability corporation associated with her New York-based advisory, Schiff Fine Art, are named as defendants. Schiff’s attorney John Cahill declined to comment.

Barasch has been friends with Schiff for roughly two decades, and the two talked every day, multiple times a day for many years, according to the complaint. Barasch said she knew nothing about the alleged fraud until May 8, when she confronted Schiff about money that was owed to her from the sale of a painting by sought-after Romanian artist Adrian Ghenie.

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The Ghenie transaction, a private sale brokered by Sotheby’s Hong Kong, was the basis of an earlier lawsuit, filed on May 11, by Barasch and another investor, Richard Grossman, who say they are each owed $900,000 for a total of $1.8 million on the deal. Sotheby’s declined to comment.

That suit appears to have opened the floodgates.

The May 17 complaint alleges that Schiff and her companies “have been engaged in a massive fraud…remitting millions of dollars to Schiff to pay in full for art purchases which she never transmitted to the galleries selling the works; likewise, [Schiff] failed to remit the proceeds of sales of Plaintiffs’ artwork. Instead, [Schiff] used Plaintiffs’ funds to spoil themselves with luxury travel, shopping sprees, and the like, or to pay obligations owed to other clients, or to purchase artworks for other clients.”

Barasch claims she wasn’t aware of any of the alleged fraud until May 8, “when Schiff called Candace and confessed that Defendants could not remit over $2 million owed to Candace and a third party for the sale of their Adrian Ghenie painting despite the fact that Schiff was paid in full for the painting and collected the final installment from Sotheby’s on January 17, 2023.” 

The more recent suit claims that over the course of their friendship and advisory relationship, Barasch virtually gave over control to Schiff, including use of her credit card. Schiff “came to manage all aspects of Plaintiffs’ art collection, from purchases and sales of artworks, to framing, installation, transportation, handling, and storage of artworks,” according to the complaint. Further: “Eventually, Defendants’ management of Plaintiffs’ collections was so complete and longstanding that Plaintiffs came to completely rely on and trust Schiff and her entities; it never occurred to them that Schiff would steal from them.”

On May 8, Schiff admitted that she had dug herself into “a large financial hole” that she could not get out of, that her financial woes had been going on for many years, and that she had considered filing for bankruptcy protection prior to the start of the pandemic, the court papers state. Schiff did not file for bankruptcy at that time because she was afraid of a criminal investigation, the suit alleges.

Schiff explained that she had intended to map out a plan to get herself and her company out of the hole during her stay in a rehabilitation center in San Francisco, which she was admitted to in January 2020 for addiction treatment (which cost over $100,000), according to the suit.

Since the Ghenie case was filed, Barasch has received numerous texts and phone calls from galleries regarding works that Schiff purported to purchase on her behalf, but were never paid for or only partially paid for, she claims in the suit. She believes that wires she made to pay galleries for many artworks, were used “to cover art purchases by other clients and to fund Schiff’s lavish lifestyle.” Barasch estimates that nearly $3 million was embezzled from her.

The complaint details 14 separate transactions spanning from February 2020 to April 2023 involving works by a who’s who of blue-chip artists represented by prestigious contemporary galleries in New York and London. Acquisition deals between Schiff and Barasch were struck for work by artists including Alvaro Barrington, Ernie Barnes, Adrian Berg, Andrea Bowers, Hadi Falapshi, Lauren Halsey, Louis Hammond, Hayv Kahraman, Mindy Shapero, and Anicka Yi. The galleries mentioned include Gladstone, Pilar Corrias, Frestonian (London) Kaufman Repetto, Andrew Kreps,47 Canal, David Kordansky, Nino Mier, and Pace.

One of the most expensive works mentioned is a $650,000 sculpture by Wangechi Mutu, whose work was prominently featured on the facade of the Metropolitan Museum of Art in 2019.

According to the complaint, in February 2020, Schiff consulted with Barasch about a bronze sculpture by Mutu, The Seated IV, (2019), that was available for purchase for $650,000 from the Gladstone Gallery in New York. At Schiff’s request, Barasch paid for the Mutu sculpture by check payable to Schiff Fine Art. Each transaction bears the line: “Until Schiff’s confession on May 8, 2023, Candace had no reason to doubt that Defendants had carried out Schiff’s representation that Candace would purchase” the artwork and Schiff would use the payment received from Candace to pay the gallery.

However, when Barasch followed up with Gladstone senior partner Max Falkenstein this month, he informed her that there was an outstanding balance of $252,000 owed for the Mutu sculpture.

Similarly, in March 2020, Schiff alerted Barasch to a Sarah Lucas sculpture available for $390,000, also from Gladstone, for which Bartsch also wrote a check to Schiff Fine Art. In May, she learned that Schiff never paid Gladstone for that sculpture either—a pattern repeated for several transactions outlined in the complaint.

In one deal, for a painting by Harminder Judge bought via Pace Gallery, Barasch paid roughly $45,000 including additional fees and commission. However, while the work is in Pace’s possession at a warehouse, the gallery will not release the work to Barasch because Pace’s invoice was made out to Schiff Fine Art.

Schiff has also allegedly made efforts to take posession of artworks in Barasch’s name even since admitting her financial situation and misconduct to her friend. In an effort to secure assets, Schiff recently tried to obtain two Chloe Wise paintings that Barasch had committed to buy for for $160,000 from Journal Gallery, the complaint asserts.

Schiff’s SFA Advisory office and showroom in Tribeca and her space at London’s Cromwell Place have shuttered.

 

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5 Ways Galleries Are Making the Art World Greener – Artsy

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Art Market

Maxwell Rabb

Apr 22, 2024 12:00PM

Exterior view of Oudolf Field at Hauser & Wirth Somerset. Photo by Jason Ingram. Courtesy of Hauser & Wirth.

This year’s Earth Day comes against a stark backdrop. Last year was the warmest on record, and a recent UN climate report recently warned that it’s “now or never to limit global warming.”

As the impacts of climate change grow increasingly urgent, the art community is recognizing its role in addressing environmental challenges through various initiatives and practices. Among the most significant of these is the Gallery Climate Coalition (GCC), founded in 2020, which unites a network of galleries in their commitment to sustainability. The organization—comprising over 900 members—emphasizes how galleries can collectively help to curb environmental damage.

Hauser & Wirth, a prominent member of the GCC, is one of the galleries spearheading these changes, committing to halve its emissions by 2030, which aligns with the 2015 UN Paris Agreement and the GCC’s mission statement.

Portrait of Cliodhna Murphy. Courtesy of Hauser & Wirth.

Portrait of Charles Moffett. Photo by Charlie Rubin. Courtesy of Charles Moffet.

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“We are working in an industry that has entrenched habits and behaviors, and we need to steadily identify ways in which to shift the dial,” said Cliodhna Murphy, Hauser & Wirth’s global head of environmental sustainability. “I have been regularly meeting with a group of like-minded individuals from galleries of scale to discuss how we standardize the approach to sustainability across the art world, working towards the same goals. This is something that the GCC is also active in promoting in order to create a level playing field across all of the galleries and how they report their findings.”

In recognition of Earth Day, Artsy spoke with six galleries to identify five key ways that they are making strides toward a greener future.

Introducing greener shipping solutions

Interior view of Hauser & Wirth Downtown Los Angeles, 2019. Photo by Elon Schoenholz. Courtesy of Hauser & Wirth.

The use of air travel to transport artworks is one of the pivotal practices being addressed by galleries to mitigate their environmental impact. The use of sea freight—which, according to the GCC, is 60 times less environmentally damaging than air transportation—is one of the main shifts that is taking place in this regard.

Hauser & Wirth is among the galleries using sea freight for transporting its high-value artworks. “There is a long-held preconception that sea freight is not an option for high-value painting, but I discovered that with the right crating, insurance, and remote supervision, it is absolutely a viable route,” Murphy told Artsy. “As a result, last year, we saved 200 [equivalent tonnes of] carbon dioxide by shifting six exhibitions to sea freight. That’s equivalent [to] 150 return economy flights between London and New York.”

Echoing this commitment, Roberts Projects’s senior registrar and sustainability liaison, Siobhan Bradley, revealed that the most considerable way the Los Angeles–based gallery has improved is through its packing and shipping methods—specifically by introducing alternative packing materials, reusing crates, and consolidating shipments. By doing so, the gallery has cut both environmental and financial costs. “These changes have been well received, particularly because they are generally cost-saving,” Bradley told Artsy.

Taking direct action with benefit exhibitions

Portrait of Quang Bao. Courtesy of 1969 Gallery.

Several galleries are integrating environmental issues into their exhibition programs by hosting benefit exhibitions that directly tackle climate change. One example is Tribeca’s 1969 Gallery, which recently hosted “World Beyond World” from January 18th to February 24th this year. This exhibition brought together 20 artists to support ocean conservation. Proceeds were donated to Only One, a nonprofit based in New York dedicated to restoring ocean health and addressing the climate crisis.

Eric Oglander has these wonderful sculptural jars filled with an entire ecosystem of algae, snails, and plant life,” said the gallery’s founder, Quang Bao, reflecting on the exhibition. “We had to help keep the jars clean, lit over the days we were closed to help photosynthesis along. I loved them, and I think visitors, especially children, seemed to understand the deeper lesson—that you really have to handle the world we live in with conscience and handheld care.”

Eric Oglander, Jar 4, 2024. Courtesy of 1969 Gallery.

Eric Oglander, Jar 2, 2024. Courtesy of 1969 Gallery.

Charles Moffett is another gallery taking a similar approach. The New York gallery is currently gearing up for its own benefit exhibition next month, working closely with Art to Acres, an initiative focused on funding high-integrity conservation projects worldwide. The show, titled “Not Too Late,” will run from May 3rd to June 7th and will feature all 10 of the gallery’s represented artists, among several others. “[Art to Acres] is converting the actions of what we do in the art world into meaningful change,” founder Charles Moffet told Artsy.

Hauser & Wirth is also hosting an Earth Day 2024 event with Art to Acres, where artist Mika Rottenberg will release a series of lamps. Proceeds will benefit both Art to Acres and the artist’s innovative studio in Tivoli, New York, where she employs plastic reclamation to create her fantastical and playful sculptures with intrusive vines in the Hudson Valley forests.

“One single artist studio or gallery can’t shift the landscape, but collective action amplifies our efforts, builds a movement, and contributes to climate resilience,” said Murphy, referencing that several of the gallery’s artists have embraced sustainable practices, including Anj Smith, Pipilotti Rist, and Larry Bell.

Advocating for sustainable supply chains

Exterior view of Cristea Roberts Gallery. Photo by Jack Hems. Courtesy of Cristea Roberts Gallery.

Actively reducing everyday waste is another way galleries are embedding sustainability practices into their operations. London’s Cristea Roberts Gallery, for example, is taking strides in integrating sustainable materials into its day-to-day operations. Alan Cristea, co-director of the gallery, noted that the gallery is focused on reducing energy consumption and has actively banned polystyrene and reduced single-use plastics in favor of sustainable materials.

“There is still much work to be done, but by opening up conversations and making changes, however small, we hope to build long-term momentum for a sustainable art sector,” said Cristea. “Galleries are also in a unique position to leverage collectors, shipping partners, and the art sector in general to consider working in more permanent, environmentally responsible ways.”

Exterior view of Charles Moffett. Photo by Andy Romer. Courtesy of Charles Moffett.

Often, by switching to sustainable materials and making conscious everyday decisions, galleries and their artists are making a difference. “It’s been really incredible to watch a lot of galleries and artists become more invested in more sustainable practices, whether it’s as simple as changing how we get our power or changing the way in which we ship,” noted Moffett. “These small efforts do tend to have a ripple effect in a business and the art world.”

By implementing these measures, these galleries are both minimizing their environmental impact and influencing the art supply chain to adopt greener practices.

Encouraging online engagement

Portrait of Todd Hosfelt. Courtesy of Hosfelt Gallery.

Portrait of Alan Cristea. Courtesy of Cristea Roberts Gallery.

As digital technologies evolve, so do opportunities for reducing physical travel. Alan Cristea notes that the biggest leap for galleries is circumventing industry norms—which often demand environmentally taxing methods.

Since the COVID-19 pandemic halted the international art world circuit, galleries have become accustomed to exhibiting and selling art online. This also extends to their outreach when it comes to building and maintaining relationships with clients worldwide. In San Francisco, Hosfelt Gallery has drastically reduced unnecessary travel by supplementing in-person meetings with online interactions.

Exterior view of Hosfelt Gallery. Courtesy of Hosfelt Gallery.

“The worst thing any of us do is fly,” founder Todd Hosfelt said. “We need to do less of it. Instead of hopping on a plane for every event, ask, ‘What do you hope to achieve by going?’ and ‘Can you achieve it without flying there?’ In other words, is that trip actually necessary? I used to fly all over the world to do studio visits or meetings….Now, I mostly use Zoom. How many staff people do you really need at an art fair? Can you tack your holiday plans onto the front or back of a work trip? I’m not suggesting never flying anywhere; I’m saying do it thoughtfully.”

Spreading awareness

Exterior view of Roberts Projects. Photo by Eric Staudenmaier. Courtesy of Roberts Projects.

The more people that know about how to make their businesses sustainable, the wider adoption will be. From learning about auditing their environmental impact to getting involved with organizations like Art to Acres and the GCC, gallerists are making each other aware of what they can do. “A big part of it is just education, and awareness, for me, is the first building block in all of this,” said Moffet. “If you don’t understand the impact of your gallery or your museum or your organization, you don’t know what it is that needs to happen in order to reduce your footprint,” he noted.

Programs that address environmental issues—whether in fair-funded talks or action-oriented gallery exhibitions—are crucial ways of fostering a culture of sustainability, which is essential to empowering sustainable action across the art world.

“Galleries—especially members in senior positions—should fully support their staff’s interest in sustainability,” said Robert Projects’s Bradley. “To me, this means creating and allocating time for staff to do research, attend educational seminars or meetings with environmental groups, and then genuinely listening to what they’ve learned and what they feel can be implemented at individual galleries.”

Maxwell Rabb

Maxwell Rabb is Artsy’s Staff Writer.

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Why South Korean Collector JaeMyung Noh Set Up His Own Art Fair – Artsy

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Art Market

Maxwell Rabb

Apr 19, 2024 4:05PM

Portrait of JaeMyung Noh. Courtesy of the collector.

JaeMyung Noh first started collecting among his classmates in high school. It was there, collecting edition prints and toys with his friends, that he discovered the tangible allure of art, a passion nurtured by his mother from an early age. Despite his initial childhood reluctance, visits to prominent museums like MoMA, the Guggenheim, and the Metropolitan Museum of Art with his mother laid the foundation for his enduring love of art.

Today, Noh collects with his wife, SoHyun Park, traveling to art capitals such as Miami, Hong Kong, Paris, Tokyo, and New York to peruse and purchase works. “My focus with our collection—my personal collection—is it’s young and international, and it’s young and fresh, so that is our slogan, ‘Young, Fresh, and Classy,’” Noh explained in an interview with Artsy. This mantra is the heart of his latest venture, an art fair inspired by his experience as a collector: Art OnO, meaning “One and Only.”

Interior view of Art OnO at SETEC, 2024. Courtesy of Art OnO.

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Art OnO is Noh’s response to the international attention Seoul’s thriving art scene has garnered, particularly since the inaugural Frieze Seoul three years ago. Motivated to nurture the local art community amid this global buzz, Noh designed a fair that facilitates dialogue between South Korean and international galleries. “I wanted to see the local artists, local galleries, and local art scene grow,” he said. After its VIP preview yesterday, Art OnO opens today through April 21st and welcomes about 40 galleries from 15 countries. featuring major galleries such as Berlin-founded Peres Projects and Hong Kong stalwart Pearl Lam Galleries alongside emerging tastemakers such as Seoul’s CYLINDER and Paris’s cadet capela.

“We mix up everything—we don’t divide sectors, we don’t have sections, so you’ll see everything in just one pot and some big names next to really young talents,” said Noh. Art OnO’s inaugural edition will take place at the SETEC center, located in the southeast corner of Seoul. The venue, which can accommodate up to 100 galleries, will provide ample space for each participating gallery.

Exterior view of Art OnO at SETEC, 2024. Courtesy of Art OnO.

Noh’s vision for Art OnO is tied to his journey as a collector, which began in a convivial, community-oriented environment. This early immersion into art collecting instilled in him a preference for a more approachable and less segmented art world that welcomes dialogue and discovery over exclusivity. Here, with Art OnO, he intends to prioritize the art lover and the relationship between Seoul’s galleries and the international art world.

“The biggest influence was from obviously Art Basel and I really liked Liste—not just the [experimental] works, but the galleries they show,” Noh said. “I wanted to see people just walk around and not so serious. They kind of chill and they talk about art, and that’s what I want to see from my fair. Not just about the value, because nowadays people talk about the value of art, not just the art itself, but they talk about the price. They talk about the brand. They talk about the names. Not that I’m saying that it’s not important. It is important. But I want to hear people talking about art itself rather than the value.”

Portrait of JaeMyung Noh. Courtesy of the collector.

Portrait of JaeMyung Noh. Courtesy of the collector.

Art OnO is designed to be an immersive experience that attracts true art lovers—those drawn not just to the artists but to the stories and the creative process behind each piece. Noh’s curatorial vision for the fair reflects a similar ethos to his personal approach to collecting. He highlights his experiences collecting works by artists such as Simon Fujiwara, whom he encountered at the Istanbul Biennial, and Ryan Schneider, whom he first discovered at a fair in Miami, as examples of artists whom Noh initially took a risk on and have since seen a surge in popularity. Noh has consistently sought to support art that pushes boundaries and challenges conventional tastes. His collection strategy—taking risks on less established artists—echoes Art OnO’s commitment to featuring emerging talents alongside well-known names.

“When people see something really new and something for the first time, then they don’t like it, but they see it for a few times, and then they start thinking it’s unique,” Noh said. “I tell people when you see something really new and you think it’s weird, then you should go for it. Because that’s something that you haven’t seen before.”

Portrait of JaeMyung Noh. Courtesy of the collector.

Art OnO is the latest in a string of alternative fairs, from Basel to New York, that have emerged in recent years, springing from a desire for a complementary, more intimate art experience. Noh is determined to steer Art OnO in a direction that stimulates conversation about new, sometimes shocking art, pushing against the mainstream narrative that often prioritizes market value over artistic merit.

“I wanted to bring that question to our fair so that we show people that there are so many either young or fresh artists that you’ve never seen but show a great quality of works,” Noh said. “We have to go back to the simple question, ‘Is it the quality or the price that makes people think that a certain artist or the work is good?’ Because when we see something expensive, then a lot of people think it’s great, and when people see something cheap, then people don’t really pay much attention to it.”

Portrait of JaeMyung Noh at Art OnO, 2024. Courtesy of Art OnO.

With Art OnO, Noh is channeling his collecting vision into the fair’s foundation. The “Young, Fresh, and Classy” slogan, directly influenced by his and Park’s tastes, drives the curation and presentation of the fair. This approach not only distinguishes Art OnO from more traditional fairs but also gives insight into what Noh values in his personal collection.

Here, he takes us inside his collection, showcasing the inventive and engaging art that the Art OnO founder seeks to champion.

Three standout works in JaeMyung Noh’s collection

Patrick Eugène Draped Down for Town, 2022

Patrick Eugène, Draped Down for Town, 2022. Courtesy of the collector.

One of the biggest reasons for owning a work by Patrick Eugène is because it can provide both comfort and joy when hung in my space and seen every day as an artwork. Among my collection, there are also grotesque pieces, but at times, the comfort provided by such works [as Eugène’s] can be substantial.” —JaeMyung Noh

Song Seung-eun, A Boiler Spewing Fiction, 2022

Song Seung-eun, A Boiler Spewing Fiction, 2022. Courtesy of the collector.

“I first encountered Song Seung-eun, one of the Korean emerging artists, and continued to track her works. Over time, I noticed the artist’s maturation in her paintings, which is the reason that I am motivated to start collecting her works. Besides, this artwork, I have been collecting Song Seung-eun’s works consistently since her previous series.” —JN

Rebecca Ackroyd, Direct Lines, 2019

Rebecca Ackroyd, Direct Lines, 2019. Courtesy of the collector and Peres Projects, Berlin.

As soon as I saw Rebecca Ackroyd’s work, I felt it would be part of my collection. I had David Altmejd’s work, and I knew I had to have the two in one space. They somehow talk about time, of course, in different ways, and even the results share things in common.

“I called my wife saying we need this work, plus it was shown at a museum exhibition, so even better. The look and the mediums of work are quite intense, but we love the work. Even back then, she was not super popular yet, but I’m happy to see her continue her practice and develop her career as an artist. She will be having a solo exhibition in Venice during the Biennale this year.” —JN

Maxwell Rabb

Maxwell Rabb is Artsy’s Staff Writer.

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‘Luminous’ truck strap artwork wins prestigious Biennale prize in first for New Zealand – The Guardian

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A Māori artist collective’s dazzling, intricate canopy woven from reflective trucking straps has been awarded a prestigious global art prize the first time a New Zealand artwork has won the award.

On Saturday, the jury of the 60th International Art Exhibition of the Venice Biennale awarded New Zealand’s Mataaho Collective the Golden Lion for best international participation for its work Takapau – a large-scale installation inspired by Māori takapau, finely woven mats made for special events.

Indigenous artists from Oceania dominated the awards this year, with Austalia’s Archie Moore winning the Golden Lion for best national participation for his artwork kith and kin, at the Australia Pavilion.

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Mataaho collective is made up of four Māori artists: Erena Arapere-Baker, Sarah Hudson, Bridget Reweti and Terri Te Tau, who have worked together on large installations since 2012.

The collective expressed their gratitude for the win in a post to their Instagram page.

“It doesn’t feel like just our award, but recognition of our supportive families, our visionary colleagues, our generous mentors and the Indigenous artists of the future.”

Its winning 200sqm suspended weaving is made from six kilometres of fluorescent trucking straps , 480 stainless steel buckles and ratchets, and 960 J-hooks – safety materials used in labouring jobs and chosen to reflect the artists’ working-class backgrounds.

After the announcement, Mataaho artist Sarah Hudson told RNZ the artists hoped to make gallery spaces more relatable to communities outside the art world.

“We all come from working class whānau [families] and the materials we choose to use are a mihi [tribute] to them, who may not feel at home in the art gallery – we like to use materials they know and experience every day, so they have something to recognise in the art world.”

The Biennale judges picked Takapau out from hundreds of entries for its “impressive scale” and noted that it was a feat of engineering “only made possible by the collective strength and creativity of the group”.

“Mataaho Collective has created a luminous woven structure of straps that poetically crisscross the gallery space,” the judges said in their announcement.

“The dazzling pattern of shadows cast on the walls and floor harks back to ancestral techniques and gestures to future uses of such techniques.”

Caroline Vercoe, associate professor in art history at the University of Auckland, told the Guardian part of the beauty of Mataaho’s work is its ability to work collectively to weave together complex Māori concepts with indigenous art forms and every-day materials.

The Golden Lion award tends to acknowledge something of a “turning point” within certain art practices or thinking, Vercoe said.

“Mataaho and Māori artists are really leading the way with contemporary art practices,” she said.

“We have always known the power of contemporary Māori art and it is just wonderful to see that acknowledged globally.”

Creative New Zealand – the country’s arts funding body – said five Māori artists, including Mataaho Collective, were invited to show at the international exhibition.

Mataaho’s win was a historic moment, said Creative New Zealand’s Amanda Hereaka.

“This award recognises, on the biggest global platform, the importance and relevance of [Māori art] and New Zealand art; we should all celebrate this wonderful achievement.”

New Zealand’s arts, culture and heritage minister, Paul Goldsmith, congratulated the collective for their win.

“This win is a glowing endorsement of the brilliant work of the Mataaho collective and shows, again, our artists are world leaders.”

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