Art Market Information is a everyday digest of the most consequential developments coming out of the artwork world and art market. Here’s what you have to have to know on this Friday, February 26.

Need-TO-Go through

Employees Cuts Loom at the V&A Museum – The Victoria & Albert Museum may well slash 20 per cent of its curators and conservators, in accordance to insiders. The reductions would occur after a wave of restructuring and voluntary redundancies. “It’s hollowing out the know-how of the museum,” a person resource stated. Some ponder regardless of whether the cutbacks may perhaps be tied to the cost of the V&A’s bold new East London outpost, but the museum has insisted they are because of only to pandemic losses. (Guardian)

Ethiopian Heritage at Risk as Massacre Rages – The historic town of Axum, Ethiopia is a person of the backdrops of what is emerging as a massacre that has been transpiring considering the fact that Ethiopian Prime Minister Abiy Ahmed sent forces to assault the location of Tigray’s People’s Liberation Entrance in November. The Church of St. Mary of Zion, also in Axum and where by some feel the Ark of the Covenant is held, is now under menace, and there are reviews of looting of other Tigrayan churches and monasteries. (The Art Newspaper)

Swiss Museums Can Reopen on March 1 – When British isles museums will have to stay under lock and key until finally late spring, Swiss museums have gotten the green light to reopen this Monday. Establishments have been closed due to the fact mid-January bars and places to eat keep on being closed and indoor gatherings are constrained to 5 people. The Fondation Beyeler in Basel is celebrating its reopening by providing free of charge admission on the initial two times of March. (TAN)

66 French Artwork-World Figures Sign a Letter in Assistance of Claude Lévêque – A group of French writers, artists, and other cultural figures have signed an open up letter insisting that the French artist Claude Lévêque be presumed innocent right until tested responsible. The famed artist was dropped by his vendor, Kamel Mennour, right after he came underneath media scrutiny for allegedly abusing minors underneath 15. “Artists are not immune from the law, but they are not, either, doomed to be wrecked without the need of verified evidence,” they create. Signatories incorporate previous gallerist Yvon Lambert and artwork historian Philippe Piguet. (Art Press)

Artwork Market place

Damien Hirst Will Accept Cryptocurrency for New Print Operate – The artist is providing a new series of prints that collectors can buy for $3,000 apiece or with cryptocurrency—roughly .058 BTC or 1.8 ETH. “I really like the crypto environment and I am satisfied and very pleased to set my belief into Bitcoin and ether and take them for this fall,” Hirst explained. Every single piece, from his cherry blossoms sequence, is signed by the artist the sale proceeds by March 3. (Cointelegraph, Twitter)

Skarstedt to Open up Short-term Place in Palm Beach – As initial claimed in Artnet News’s Wet Paint column, the tony gallery will be cozying up to other sellers in the wealthy enclave of Palm Beach from March 6 through June 15, getting up an 800-square-foot place in the vicinity of Speed, Lévy Gorvy, and Acquavella. (Press release)

COMINGS & GOINGS

Liverpool Biennial Gets an Opening Day – The Liverpool Biennial will be the to start with key exhibit to open up in the United kingdom this calendar year. “The Abdomen and the Port” is set to start its to start with chapter, which encompasses outside sculptures and an on the web portal, on March 20. It will be on check out as a result of June 6. The “indoor” chapter will open up later this spring. (Push release)

Virgil Abloh Will Be a Checking out Professor at the RCA – The artist, style designer, and polymath has taken on a new gig: browsing professor at the Royal College of Artwork in London. He will be training masters classes all over the 12 months and giving “unique employment opportunities” to college students and alumni. (WWD)

FOR ART’S SAKE

Seattle Art Museum, Yale Get Transformative Gifts – The Friday Foundation, led by the heirs of the late Seattle collectors Jane Lang Davis and Richard Lang, has donated important gifts to Yale and the Seattle Art Museum. Nineteen artworks, together with illustrations by Mark Rothko, Helen Frank Frankenthaler, and Francis Bacon, will go to the Seattle Art Museum along with $10.5 million in cash. Six performs by Franz Kline and Rothko are headed to the Yale College Art Gallery.  (ARTnews)

MASS MoCA Installs Turrell Skyspace in Drinking water Tower – A concrete h2o tower on the campus of the Massachusetts Museum of Modern Artwork will host James Turrell’s most significant, freestanding circular skyspace to date. The installation will be in a position to host 50 viewers at a time (presumably, write-up-social distancing) and is established to be unveiled on May 29. (Designboom)

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