Art Industry News: Bloomberg Businessweek Dedicates an Entire Magazine Issue to One Article Calling NFTs ‘a Modern Ponzi Scheme’ + Other Stories, δημοσίευση στο Artnet [26/10/2022]Marilena Pateraki
A Deep Dive Into Michael Steinhardt’s Embattled Art Collection – The retired New York hedge funder and antiquities collector, who has surrendered 180 objects valued at $70 million to the D.A. and agreed to a lifetime ban on collecting antiquities, acquired his collection when standards around provenance were considerably lower. The norms have shifted dramatically over the past decade, to the degree that assistant D.A. Matthew Bogdanos suggests that Steinhardt represents a 19th-century collecting mentality of which we are now seeing “the last gasps.” (ARTnews)
Jordan Wolfson Chats With Anne Imhof – Wolfson—who describes Imhof as “a female version” of himself, “from Germany”—digs into cancel culture and the media’s trouble interpreting his work. “Just because you’re using triggering content doesn’t mean you support that triggering content. It means that you’re showing it for a reason,” Wolfson said. “Because it’s art, and you’re opening up a conversation, which is what art is supposed to do.” (Interview)
Bloomberg Goes Deep on NFTs – Finance journalist Matt Levine has penned 40,000 words about the NFT boom, likening most Web3 projects to Ponzi schemes. “Why do you think someone else will buy the tokens? Is it because you think they like the product?” he writes. “Or is it because you think they are planning to get rich by selling to a bigger sucker? Where does that end?” The lengthy treatise marks only the second time a single author has written a cover-to-cover issue of Bloomberg Businessweek in its 93-year history. (Bloomberg, ARTnews)
Is the Speed Museum Haunted? – Seemingly paranormal occurrences at the Speed Museum in Louisville, Kentucky, have been perpetuating a ghost story among employees that the museum is haunted by its founder, Hattie Bishop Speed. (For more accounts of haunted museums, see our Halloween round-up here.) (Hyperallergic)
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