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China’s Taikang Life Buys 13.5% Share in Sotheby’s

July 30th, 2016

Chen Dongsheng, via China OrgTaikang Life, one of China’s largest insurance companies, now owns a 13.5% stake in Sotheby’s, CNN reports.  The company is run by Chen Dongsheng, who is also the founder of China Guardian Auctions, the country’s first government-run auction house.  Taikang has not disclosed whether it will seek an active position in the company.
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Bass Museum to Reopen During Art Basel Miami Beach

July 30th, 2016

Ugo Rondinone, via Miami HeraldMiami’s Bass Museum is set to reopen during Art Basel Miami Beach in December, drawing its $12 million renovation to a close with a major museum show by Ugo Rondinone.  “It used to be that going to a museum was akin to going to church,” she said. “Now museums are places where people gather,” says director Silvia Karman Cubina.
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Jeff Wall Leaves Marian Goodman for Gagosian

July 30th, 2016

Jeff Wall, via Art NewsGagosian is now representing Jeff Wall, who leaves Marian Goodman after 25 years.  “He would like to be seen more widely as an American artist,” says Gagosian director Mark Francis.  “I think that may be something we can do well.”
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