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NFT marketplace OpenSea ends its resale royalty policy, sparking industry-wide backlash

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Source: The Art Newspaper

OpenSea, the largest non-fungible-token (NFT) marketplace still in the business of enforcing resale royalty payments to artists, announced on 17 August that it plans to suspend the mandatory collection of artist resale fees.

As the NFT market continues its decline from the crest of web3’s runaway popularity in 2021, OpenSea’s move to transform one of the most attractive aspects of blockchain trading for artists into an at-will tipping system echoes broader industry trends towards austerity. Starting in March 2024, sellers will have the option to give artists a percentage of the original sale price, a shift from the guaranteed resale model of years past. The OpenSea Operator filter, through which users set their desired royalty payment percentage, will sunset on 31 August.

Read more: https://www.theartnewspaper.com/2023/08/23/opensea-nft-marketplace-ending-resale-royalties-policy

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Urban Aboriginal art takes centre stage at the 2024 Sydney Biennale

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Source: Financial Times

Search for the origins of contemporary Indigenous art in Australia and the answer is surprisingly specific: the Northern Territory town of Papunya, c1971, with a depiction of the Honey Ant Dreaming ancestral tale in a large-scale mural. This was the birth of “dot painting”, the reproduction on paper or canvas of traditional styles of sand and body ceremonial art, and it brought global fame to artists such as Clifford Possum Tjapaltjarri and Kaapa Tjampitjinpa.

In the minds of many outside Australia, Aboriginal art, both old and new, is linked to remote areas of the country. Yet contemporary Indigenous art has always had an urban side, most notably in Queensland art schools in the 1980s, where students included Tracey Moffatt, who became the first Indigenous artist to represent Australia in a solo show at the Venice Biennale, and the brilliant Gordon Bennett, who skewered colonial history by appropriating large chunks of western art.

Read more: https://www.ft.com/content/d819b351-4e98-4ee8-978e-3916bcf2baf8#comments-anchor

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Study for portrait Winston Churchill disliked goes on show at his old home

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Source: The Guardian

An intimate study of Winston Churchill that has been in private hands for seven decades has gone on show in the room at Blenheim Palace in which Britain’s most famous prime minister was born, before being auctioned in June.

It was the work of Graham Sutherland, one of the most highly regarded artists of his time. Sutherland was commissioned to paint Churchill by the Houses of Parliament to mark the wartime leader’s 80th birthday in November 1954.

Read More: https://www.theguardian.com/uk-news/2024/apr/16/study-winston-churchill-portrait-disliked-auction-graham-sutherland

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Art Paris leans into its Frenchness for 2024 edition, with rising talents in the spotlight

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Source: euronews.culture

For its 26th edition, Art Paris is leaning into its Frenchness and putting a spotlight on the diversity of the French art scene. The contemporary and modern art fair continues to give a platform to rising talents.

As Paris settles into its role at the centre of Europe’s art market, ‘Art Paris’ is trying to build on the momentum the French capital has enjoyed in recent years.

After welcoming a record 81,857 visitors in 2023, this year the contemporary and modern art fair features more stands than ever before – with 136 galleries representing 25 countries.

Close advertisingBut the fair has maintained its identity as a “local” art fair, with 60% of exhibiting galleries remaining French.

Read more: https://www.euronews.com/culture/2024/04/05/art-paris-leans-into-its-frenchness-for-2024-edition-with-rising-talents-in-the-spotlight

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