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paint drippings art industry news jul 7

This week's art industry news covers major auction results, gallery changes, and restitution developments. At Christie's Old Masters evening sale in London, Canaletto's "The Return of the Bucintoro on Ascension Day" set a new auction record for the artist at £31.9 million ($43.9 million), leading the sale to a total of £60.8 million. Sotheby's Old Masters evening sale brought in £14.5 million, with three new records including Diana de Rosa's "Salome with the Head of Saint John the Baptist" selling for £317,500. A rare early watercolor by Man Ray, "Nude Playing Musical Instrument" (1913), resurfaced after decades and will be auctioned at Dreweatts. In gallery news, Blum gallery laid off most of its staff and plans to cease brick-and-mortar operations, while Waddington Custot announced a new Paris space, and Company Gallery hired Subhas Kim Kandasamy as executive director. White Cube now represents Firenze Lai, and JD Malat Gallery launched a new initiative for UAE artists. In restitution, the Netherlands returned 119 Benin Bronzes to Nigeria, and the Museum of Fine Arts, Boston, transferred two Benin works to the Oba of Benin.

See Inside the Long-Lost Lee Miller and Cecil Beaton Album Full of WW2-Era Photographs

The Bodleian Libraries at the University of Oxford has acquired a rare photographic "daybook" compiled by Roland Haupt, a former darkroom assistant at British Vogue. Created between 1943 and 1949, the annotated scrapbook contains hundreds of original photographs and clippings by legendary photographers Lee Miller and Cecil Beaton. The acquisition, brokered by dealer Michael Hoppen, ensures that the album—which includes iconic images of Miller in Hitler’s bathtub and portraits of Picasso—remains intact as a singular historical record rather than being sold piecemeal at auction.

‘Harlem has always been evolving’: inside the Studio Museum’s $160m new home

The Studio Museum in Harlem is set to inaugurate its new $160 million, purpose-built home on Manhattan’s 125th Street. Designed by Adjaye Associates in collaboration with Cooper Robertson, the 82,000-square-foot facility nearly doubles the museum's previous exhibition space and replaces a repurposed 1914 bank building that lacked essential infrastructure like loading docks and large elevators. This milestone marks the first time in the institution's history that it will operate out of a structure specifically designed to support its mission of championing artists of African descent.

City Life Org - New York Art World Celebrates Angela Davis, Amy Sherald, Clara Wu Tsai, Crystal McCrary, Raymond McGuire at Awards Dinner in NYC

The Gordon Parks Foundation held its annual Awards Dinner and Auction at Cipriani 42nd Street in New York City, raising nearly $2 million to support its mission of social justice through the arts. The gala honored a distinguished group of changemakers, including activist Angela Davis, painter Amy Sherald, philanthropist Clara Wu Tsai, producer Crystal McCrary, and businessman Raymond McGuire. Hosted by Kaseem Dean (Swizz Beatz) and Executive Director Peter W. Kunhardt, Jr., the event celebrated the enduring legacy of Gordon Parks and his commitment to documenting and advancing civil rights.

Lost Cecil Beaton and Lee Miller Photos Turn Up in Old Scrapbook

A previously unknown scrapbook containing over 150 unseen photographs by Cecil Beaton and Lee Miller has been acquired by the University of Oxford’s Bodleian Library. Compiled between 1943 and 1949 by Roland Haupt, a darkroom assistant who processed film for both photographers during World War II, the album includes rare war reportage, portraits, and personal mementos. Among the highlights is an unpublished alternative shot of Miller in Adolf Hitler’s bathtub and Surrealist-inflected images of the conflict's aftermath.