Following Paddle 8’s bankruptcy, the company’s bankruptcy trustee Megan Noh has filed suit against former board member John Textor, alleging “reckless disregard” for the company, and seeking $6 million in damages. “Neither I nor the companies mentioned have been involved in quite some time, though it is standard practice for a trustee to cast a wide net in filing speculative claims for recovery,” Textor claims.
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Auction houses are reporting massive upticks in online sales as galleries and auctions shutter due to Covid-19. “No longer will we have the joy and pain of crowded art fairs and gallery openings,” says Robert Head of the Hiscox agency. “Dealers will have to find new ways to create the buzz that makes us have to buy now, lest we dwell and lose yet another treasure that we can’t live without.”
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David Zwirner Gallery has appointed Ebony L. Haynes, formerly of Martos Gallery, as the head of a new gallery space in Manhattan, which will employ an all-black staff. “While you could argue that strides have been made on the artist side, the art world acts almost shamefully on the employment side,” Mr. Zwirner says. “Something has to happen.”
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