Art Industry News: Pace Gallery Bucks the Crypto Crash Doomsayers by Launching a Major Partnership with a Leading NFT Platform + Other Stories

Art Industry News is a daily summary of the most important developments in the art world and the art market. Here’s what you need to know this Wednesday, June 8.

NEED TO READ

$360,000 stolen in latest Yuga Labs server breach – NFT company Yuga Labs’ server was compromised in another phishing attack on Saturday, which resulted in the theft of $360,000 (200 ETH) worth of NFT. A Bored Ape Yacht Club employee’s Discord account was hacked and used to post phishing links on official channels associated with the NFT community. This is the third time Yuga Labs has been hacked in recent months. (ART news)

Visit of the German Minister of Culture to Ukraine – Claudia Roth traveled to Odessa, where a memorial will be installed with the support of Germany to commemorate the atrocious crimes committed by the Nazis during World War II in Ukraine. His visit, at the invitation of Ukrainian Culture Minister Oleksandr Tkachenko, was to recognize Germany’s special role in raising awareness of the current dangers to culture in the current war. (Monopoly)

Pace teams up with Art Blocks – What crypto crash? Pace continues its breakthrough into Web3 with a partnership with the NFT Art Blocks platform. The two companies hope to access collection bases that are very divergent from each other. The collaboration will also allow Pace artists and a select group of digital native artists to access Art Blocks technology. NFT, which focuses on generative art (art that gets minted when the collector buys it) completed $500 million in deals last August alone. The first collaborative release is a new NFT project by John Gerrard. (ART news)

Artist Jacques Villeglé dies at 96 – The French artist, known for using torn posters found on the streets to create his influential multimedia collages, has died aged 96, according to an announcement from his Paris gallery. Villeglé was the last living figure associated with New Realism, a French avant-garde movement born in the late 1950s that sought to merge life and art. (ART news)

MOVERS AND SHAKERS

Galerie König announces its first partner – Laura Attanasio, Senior Director of König, will become the first multi-city gallery partner this month. Attanasio has worked closely over the years with artists Alicja Kwade, Claudia Comte and Katharina Grosse. (Press release)

The kitchen partners with the Armory Show – The non-profit space will have a booth at the upcoming Armory Show to showcase little-known works from its archive as it undertakes a major renovation. This collaboration is the latest in a series of collaborations under the fair’s Cultural Partners program, which shines a light on non-commercial art spaces in New York. (The arts journal)

Xavier Hufkens now represents the Milton Avery estate – The Brussels gallery will present the work of the deceased American artist on its Art Basel stand next week. Milton Avery’s field of works centered on moments of domestic intimacy and the natural world will continue to be represented by Victoria Miro in London. (Press release)

The Seattle Art Museum appoints an assistant director for art – José Carlos Diaz succeeds Chiyo Ishikawa, who retired in 2020. Diaz, who specializes in contemporary art and multidisciplinary programming, previously served as chief curator at the Andy Warhol Museum in Pittsburgh. (Press release)

FOR ART

Getty commissions Judy Baca for a new mural – The artist will create a 14 foot high and 15 foot wide mural called The Salsera, depicting a salsa dancer joining the daily procession of domestic workers taking a bus through MacArthur Park. The female figure is filled with monarch butterflies, a symbol of immigrants. The artwork will be digitally created and painted on glass. Baca’s “Hitting the Wall” exhibition is on view at the Getty through September 4. (Press release)

La Salsera (The Salsa Dancer) (2022). Courtesy of artist Judith F. Baca and SPARCinla.org” width=”823″ height=”768″ srcset=”https://news.artnet.com/app/news-upload/2022/06 /unnamed.jpg 823w, https://news.artnet.com/app/news-upload/2022/06/unnamed-300×280.jpg 300w, https://news.artnet.com/app/news-upload/2022 /06/unnamed-50×47.jpg 50w” sizes=”(max-width: 823px) 100vw, 823px”/>

Judith F. Baca, La Salsera (The Salsa Dancer) (2022). Courtesy of artist Judith F. Baca and SPARCinla.org

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