Art Industry News: Pace Gallery defies the Crypto Crash Doomsayers by launching a major partnership with a top NFT platform + other stories

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


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

German Minister of Culture visits Ukraine – Claudia Roth visited Odessa, where a memorial is to be erected with German support to commemorate the terrible crimes of the Nazis in Ukraine during World War II. Her visit, at the invitation of Ukraine’s Minister of Culture Oleksandr Tkachenko, was intended to recognize Germany’s special role in raising awareness of the current threats to culture in the current war. (monopoly)

Tempo teams up with Art Blocks – Which crypto crash? Pace continues its foray into Web3 with a partnership with NFT platform Art Blocks. The two companies hope to gain access to each other’s vastly different collector bases. The collaboration will also give Pace artists and a select group of digitally native artists access to Art Blocks’ technology. NFT, which focuses on generative art (art that is embossed when the collector buys it), made $500 million in transactions last August alone. The first joint release is a new NFT project by John Gerrard. (ARTnews)

Artist Jacques Villeglé dies at 96 – The French artist, known for using torn posters found on the street to create his influential mixed-media collages, has died at the age of 96, according to an announcement from his Paris gallery. Villeglé was the last living figure of the Nouveau Réalisme, a French avant-garde movement that emerged in the late 1950s and sought to unite life and art. (ARTnews)

movers & shakers

Galerie König announces first partner – Laura Attanasio, senior director at König, becomes the first partner of the multi-city gallery this month. Attanasio has worked closely with artists Alicja Kwade, Claudia Comte and Katharina Grosse over the years. (press release)

The Kitchen partners with the Armory Show – The nonprofit space will have a booth at the upcoming Armory Show to showcase little-known works from its archive while it embarks on a major renovation. The collaboration is the latest in a series of collaborations as part of the fair’s Cultural Partners program, which spotlights non-commercial art spaces in New York. (The art newspaper)

Xavier Hufkens now represents the Milton Avery Estate – The Brussels-based gallery will be showcasing work by the late American artist on its stand at Art Basel next week. The legacy of Milton Avery, whose work focuses on moments of domestic intimacy and the natural world, continues to be represented in London by Victoria Miro. (press release)

Seattle Art Museum Appoints Associate Director of Art – José Carlos Diaz succeeds Chiyo Ishikawa, who retired in 2020. Diaz, who specializes in contemporary art and multidisciplinary programs, previously served as chief curator at the Andy Warhol Museum in Pittsburgh. (press release)


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

La Salsera (The Salsa Dancer) (2022). Courtesy of artist Judith F. Baca and” width=”823″ height=”768″ srcset=” 823w,×280.jpg 300w, -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

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