The Panama Papers lead to the seizing of a Modigliani and the Canadian Government pledges CAD$1.9 billion to the arts: the latest art news
- In the first budget presented by newly elected Prime Minister Justin Trudeau, the Canadian Government has pledged to invest CAD$1.9 billion (USD$1.4 billion) in the Arts and Culture sectors across the coming five years.
- Swiss authorities have reportedly seized Amadeo Modigliani's Seated Man with Cane (1918), which was stolen by the Nazis during World War II, after details of its ownership were revealed in the leaked Panama Papers last week.
- This year's edition of the prestigious Vincent Award has been suspended following the withdrawal of two artists: Nairy Baghramian, who withdrew in response to the recent dispute between artist Danh Vo and collector Bert Kreuk, and Jutta Koether, who cited private reasons.
- Chicago-based artist Theaster Gates is set to receive the 2017 Kurt Schwitters Prize, the 11th edition of the award. The Sprengel Museum, Hanover, will mark the occasion by staging Gates's first solo exhibition in Germany.
- The Singapore branch of the Pinacothèque de Paris museum, which is located in the Fort Canning Arts Centre, ceased operations yesterday. In a statement to local newspaper The Strait Times, a representative of Art Heritage Singapore blamed the closure on ' weaker-than-expected visitor figures and other business and financial challenges faced.
- Robert Storr, former dean of the Yale University School of Art, curator of the 2007 Venice Biennale and frieze contributing editor, will be named an officer of France’s Order of Arts and Letters. The award honours people in the arts who have shown 'devotion and accomplishment in the areas of teaching, scholarship and research'.