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Art Industry News: Christie’s Fast-Rising NFT Whisperer Tells the Guardian He Views Beeple as ‘Kind of My Jesus’ + Other Stories

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Tate Curator Achim Borchardt-Hume Has Died – The inventive and rigorous curator served as director of exhibitions at Tate Modern since 2012, where he organized shows of work by artists including Robert Rauschenberg, Mark Rothko, Auguste Rodin, and Doris Salcedo. He also organized the museum’s current (and critically acclaimed) Turbine Hall installation by Anicka Yi. No cause of death was shared by the institution.  (Artforum)
Humboldt Forum to Remove Medallion Honoring Far-Right Donor – The Humboldt Forum will “immediately” remove a medallion honoring the late donor Ehrhardt Bödecker at the request of Bödecker’s family after his “militaristic, anti-democratic and in some respects, radically right-wing and antisemitic” views came to light. The medallions hanging in the splashy new museum complex honors donors who contributed more than €1 million to the construction. (The Art Newspaper)
How NFTs Have Changed Lives – In a wild romp of an article, the Guardian explores how NFTs have transformed the lives of everyone from newly rich teens to Paris Hilton. (“It’s actually a lot simpler than you think,” said Hilton, who has delved headfirst into the new space.) But few figures have seen their lives change as dramatically as Noah Davis, the Christie’s executive who organized the $69 million sale of Beeple’s Everydays. “I look at life as pre-Beeple and post-Beeple—like the world thinks about before Jesus Christ and after,” Davis said. “Beeple is kind of my Jesus.” (Guardian)
Credit Suisse Responds to Ai Weiwei – Credit Suisse has revised its explanation for why it terminated Ai Weiwei’s bank account this spring, an experience the artist chronicled in an op-ed for Artnet News. While the bank told Ai at the time that it was because he had been convicted of crimes (an explanation the artist interpreted as a pretense for its broader strategy to win business in China), it says now that it eliminated the account because Ai did not provide the proper paperwork “despite repeated requests from the bank.” (Reuters)
Former K-Pop Star Unveils His Art – Henry Lau, who left the boy band Super Junior M for a solo career as a singer and actor, is now working to make his name as a fine artist. His colorful pendulum paintings are on view at Arx gallery in Knightsbridge—though he only got to see the show via video chat since he is unable to travel. (BBC)
Experts Urge G20 to Tackle Illicit Antiquities Trade – An international coalition of experts has released a new report detailing nine steps the G20 should take in order to crack down on the trade of illicit antiquities. The recommendations for strengthening global policy include creating a roadmap to tackle the problem on a national and international level and identifying and strengthening weak links. (Press release)
LACMA Holds Art + Film Gala – Celebrities flocked to the Los Angeles County Museum of Art’s 10th Art + Film Gala, which honored artists Amy Sherald and Kehinde Wiley, whose presidential portraits are on view at the museum. Hosted by Leonardo DiCaprio, guests included Miley Cyrus, Lil Nas X, Paris Hilton, and Phoebe Bridgers. (Variety)
Rashid Johnson Donates Work for ClientEarth – The artist’s Bruise Painting “Or Down You Fall” (2021) will be sold at Christie’s New York on November 9 to benefit the charity ClientEarth. The donation is part of a broader initiative to raise funds to fight climate change organized by the Gallery Climate Coalition. (Press release)
U.K. Places Export Bar on Sargent Painting – The U.K. department for digital, culture, media, and sport has placed a temporary export bar on a John Singer Sargent portrait in order to buy time for a U.K. public gallery or institution to acquire the work. The Earl of Dalhousie (1900) is estimated to be worth more than £7.5 million; its export license has now been deferred until March 3, 2022. (Press release)
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FASB Excludes NFTs, Some Stablecoins From Crypto Accounting Project – The Wall Street Journal

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Michael Saylor can't stop: MicroStrategy now holds 130,000 Bitcoin – Cointelegraph

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MicroStrategy bought an additional 301 BTC for $6 million at an average price of $19,851, the company’s executive chairman announced on Twitter.
MicroStrategy now owns 0.62% of all the Bitcoin (BTC) that will ever be mined. The company’s executive chairman, Michael Saylor, announced that the company bought another 301 BTC for roughly $6 million at an average price of $19,851 per BTC. 
In sum, the company is one of the planet’s largest holders of the asset, owning 130,000 BTC. Apparently, Saylor likes round numbers, buying 301 BTC to reach the 130,000 milestone. 
MicroStrategy has purchased an additional 301 bitcoins for ~$6.0 million at an average price of ~$19,851 per #bitcoin. As of 9/19/22 @MicroStrategy holds ~130,000 bitcoins acquired for ~$3.98 billion at an average price of ~$30,639 per bitcoin.https://t.co/5kYW98ij4I
Due to plunging price action, the company’s investment is down substantially in U.S. dollar terms. MicroStrategy’s entry price is roughly $30,639 per BTC, and the Securities and Exchange Commission filing states that the firm has bought 130,000 BTC at an aggregate purchase price of approximately $3.98 billion.
If MicroStrategy started stacking sats (buying Bitcoin) at today’s prices, it would have spent $2.48 billion on 130,000 BTC. Saylor is currently at a paper loss of over a billion dollars.
According to the SEC filing, the company made the purchase with “excess cash.” Saylor recently stepped down as CEO of the company to focus on buying more Bitcoin, while Washington, DC has taken aim at the billionaire in a tax evasion lawsuit.
Bitcoin enthusiasts were quick to commend Saylor’s buy. Referred to as the “Chad” or “Gigachad,” Saylor’s conviction and commitment to buying Bitcoin despite the investment being underwater has garnered both a devout following and numerous critics.
Related: Bitcoin better than physical property for regular folks, says Michael Saylor
Other large wallet addresses include that of crypto exchange Bitfinex, which holds 170,000 BTC, and a Binance reserve wallet that holds 125,000 BTC. Binance is the world’s largest crypto exchange and has several wallets holding six figures of Bitcoin. Regarding individuals, Saylor has stated that he holds Bitcoin, and FTX CEO Sam Bankman-Fried and Binance CEO Changpeng Zhao are also “hodlers” — a meme that became popular jargon for holding crypto.

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NFT Collections Will Be Regulated Like Cryptocurrencies Under EU’s MiCA Law, Official Says – CoinDesk

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