The former Actes Sud CEO Françoise Nyssen has been replaced today as France’s minister of culture following allegations of conflicts of interest.  She will be replaced by Franck Riester.
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The most recent filing in a case between collector Steven Tananbaum and Jeff Koons/Larry Gagosian claims that the collector should have expected to wait several years for the work he paid $13 million for. “Tananbaum is a prominent hedge fund manager, a trustee of the Museum of Modern Art, and a sophisticated art collector who regularly invests in exclusive works of fine art,” Gagosian’s attorney Matthew Dontzin notes in court papers. “Mr. Tananbaum was being advised by one of the world’s leading art advisors and fully understood that (i) Mr. Koons is a perfectionist who often takes years to make each sculpture; (ii) Mr. Koons provides only estimated completion dates for the sculptures; and (iii) those estimated dates are often extended by multiple years,” Dontzin adds in the motion to dismiss the suit.
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Three Georgia O’Keeffe paintings deaccessioned by her namesake Museum in Santa Fe will head to Sotheby’s in New York this November, Art Newspaper reports. “Removing an artwork from the collection is never an easy thing for any museum to do, but it is an integral part of good collections management to continually build and refine our holdings,” Museum Director Robert A. Krets says.
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