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Installation view of The Roof Garden Commission: Cornelia Parker’s “Transitional Object (PsychoBarn)” at the Metropolitan Museum of Art (2016) (photo by Alex Fradkin, courtesy the artist)

Art Movements is a weekly collection of news, developments, and stirrings in the art world.

The Metropolitan Museum of Art will embark on a 24-month financial restructuring in order to deal with its growing budget deficit, which for this year alone amounted to $10 million. The museum plans to freeze new hires and request voluntary buyouts. Earlier this week, the Met unveiled its 2016 rooftop commission, Cornelia Parker’s “Transitional Object (PsychoBarn),” which is fabricated from a deconstructed barn. It is inspired by the Bates residence in Alfred Hitchcock’s Psycho (1960), which was in turn inspired by Edward Hopper‘s “The House by the Railroad” (1925).

Archeologists are excavating what is thought to be one of the largest Roman villas to have been discovered in the UK. Workmen hired by Luke Irwin, a rug designer who sought to have electric cables laid down for his family’s barn, made the discovery after digging a mere 18 inches in his backyard.

Maurizio Cattelan will install a solid 18-karat-gold toilet in one of the restrooms of the Guggenheim Museum.

JMW Turner and his painting “The Fighting Temeraire” (1839) will replace Adam Smith on the UK’s £20 note from 2020.

Eric Shiner, the director of the Andy Warhol Museum in Pittsburgh, called off a trip to the University of North Carolina in protest of the state’s bill requiring transgender people to use the bathroom that matches the gender on their birth certificate.

The Bundeskunsthalle in Bonn and the Bern Kunstmuseum were forced to postpone their plans for a joint exhibition of works retrieved from the Gurtlitt trove after Munich’s Upper Regional Court announced that it would not rule on a challenge to Cornelius Gurlitt’s will until later this year.

Shepard Fairey’s design for the Los Angeles Public Library card (courtesy Library Foundation of Los Angeles) (click to enlarge)

Shepard Fairey designed the new library card for Los Angeles’s public library. The card, which features an illustration of the city’s central library, is available at all 73 locations of the Los Angeles Public Library.

Ann Freedman, the former director of the Knoedler Gallery, broke her silence on the gallery’s ongoing forgery case. “I have never deliberately done something wrong, which is to say knowingly,” Freedman told the Art Newspaper. “I am terribly sorry for anybody who [says they have been] hurt or damaged…But let me be clear, this is [about] works of art. I didn’t slay anybody’s first-born. We have to have some perspective on suffering.”

Zaha Hadid Architects announced that it will continue to operate without its late founder, who died of a heart attack last month.

Tate Britain will stage an exhibition dedicated to queer British art next year to mark the 50th anniversary of the decriminalization of male homosexuality in Britain.

The Thames Tunnel, London’s first underwater tunnel, was reopened to the public for the first time in 147 years.

Transactions

Joel Shapiro, “Untitled” (1994),on display at 550 Madison Avenue, New York (courtesy Storm King Art Center) (click to enlarge)

The Sony Corporation of America (SCA) donated a 21-foot-tall sculpture by Joel Shapiro to the Storm King Art Center. The sculpture, “Untitled” (1994), was previously on display at the SCA’s former headquarters at 550 Madison Avenue.

David Geffen donated $100 million toward the Museum of Modern Art’s renovation and expansion campaign.

United States Artists received a $20 million operations endowment. The Ford Foundation provided a $10 million challenge grant. The Rockefeller Foundation, the Doris Duke Charitable Foundation, and the John S. and James L. Knight Foundation each provided $1 million grants.

The entertainment agency WME | IMG announced a “strategic partnership” with Frieze. The specifics of the deal have not been made public.

The Los Angeles County Museum of Art acquired a selection of videos from Electronic Arts Intermix, including works by artists John Baldessari, Mike Kelley, Nam June Paik, Martha Rosler, and Hannah Wilke.

Barnard College acquired the archive of feminist poet and playwright Ntozake Shange.

The Louis Armstrong House Museum acquired the only known footage of the musician in a recording studio.

Transitions

Damien Hirst’s “The Physical Impossibility of Death in the Mind of Someone Living” at the Metropolitan Museum of Art (photograph by Allison Meier for Hyperallergic)

Toronto’s Canadian Museum of Inuit Art will close its doors on May 30.

Betsy Broun, the director of the Smithsonian American Art Museum since 1989, will retire at the end of the year.

Marion Ackermann will succeed Hartwig Fischer as director of the Dresden State Art Collections.

Anna Stothart will leave her position as curator of modern and contemporary art at the San Antonio Museum of Art to become the director of the Lehmann Maupin Gallery in New York.

Jane Morris will step down as the editor of The Art Newspaper in June. She will be succeeded by deputy editor Javier Pes.

The Victoria and Albert Museum will name its new Exhibition Road entrance after Len Blavatnik. The billionaire donated an undisclosed sum — thought to be in the region of £5 million (~$7.2 million) — toward the project’s completion.

Damien Hirst rejoined Gagosian gallery’s roster of artists.

Accolades

The 2016 Pulitzer Prize winners were announced. The New Yorker‘s Emily Nussbaum was awarded the Pulitzer Prize for Criticism.

Mark Bradford will represent the United States at the 2017 Venice Biennale.

A Blade of Glass announced its 2016 Fellows for Socially Engaged Art.

Obituaries

Richard Smith, “Nosegay Green” (1975) (via Wikiart) (click to enlarge)

Jackie Carter (1953–2016), publishing executive and advocate for racial diversity in children’s books.

Ronit Elkabetz (1964–2016), actress and director.

John Ferrone (1924–2016), writer and editor.

James Cross Giblin (1933–2016), biographer and children’s author.

Guy Hamilton (1922–2016), film director. Directed four James Bond movies, including Goldfinger (1964) and Live and Let Die (1973).

Charles Knevitt (1952–2016), architecture critic and former director of the RIBA Trust.

Richard Lyons (1959–2016), artist and musician. Founding member of Negativland.

Prince Rogers Nelson (aka Prince,   ) (1958–2016), musician and cultural icon.

Fulvio Roiter (1926–2016), photographer.

Phil Sayer (1953–2016), voice actor. Recorded the announcement “Please mind the gap” for the London Underground.

Jock Scot (1952–2016), performance poet.

Richard Smith (1931–2016), artist.

David Snellgrove (1920–2016), tibetologist.

Victoria Wood (1953–2016), comedian, singer, and writer.

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Tiernan Morgan

Tiernan Morgan is the former producer of Hyperallergic. His articles have examined New York’s 1980s art scene and artist resale royalties. He also collaborates with artist and regular Hyperallergic contributor...