This Week's Top Stories: Studio Drift's Vast Museum, Millionaire Collectors Cut Spending and when Tracey Emin Met Jerry Saltz

Art Basel-UBS Survey Confirms Collectors’ Unease

The 2023 report finds high-net-worth collectors’ are nervous about the global economic outlook, sales of NFTs have fallen to their lowest level since January 2021 but Asian collectors are back in a buying mood. (Art Basel)

Artists Lose First Round of Case Against AI Art Generators

An artist’s lawsuit over the uncompensated and unauthorized use of images downloaded from the internet to train AI systems suffered an early setback but a judge allowed their infringement claim against Stability AI to proceed. (Hollywood Reporter)

Studio Drift Founders Will Create a Vast Museum in Amsterdam

The artists behind Studio Drift plan to turn a factory complex in Amsterdam into a vast museum to show their large-scale sculptures and kinetic installations. The project is backed by a Dutch entrepreneur. (Artnet News)

Tracey Emin In Serious Mood Ahead of Her New York Comeback

Tracey Emin has always worked in the confessional mode. She tells Jerry Saltz that after surviving cancer, she sees no reason to hold anything back ahead of her solo show at White Cube in New York. (Vulture)

Performa Returns to New York

The biennial of cutting edge performance art will feature newly commissioned pieces by artists including Julien Creuzet and Nikita Gale in venues across New York and the Performa Hub in Lower Manhattan. (Artsy)

Nasher Sculpture Center Director Will Step Down

Jeremy Strick will leave the Dallas sculpture museum in 2024 after 15 years at the helm. He established the prestigious Nasher Prize and added more works by female artists and artists of color to its collection, including pieces by Phyllida Barlow and Simone Leigh. (The New York Times)