A group of nine collectors have filed a lawsuit against the Keith Haring Foundation, claiming that the organization’s judgement of works in their collections has “wrongfully destroyed” their value.  The lawsuit, which seeks $40 million in damages, has been flatly rejected by the foundation.  Its lawyer, Michael Ward Stout, claims, “We believe that the allegations are not supportable, and we will address them going forward.”  (more…)

The repairs and restoration of a Joan Miró painting damaged at the Tate Modern in 2011 has been cited at £203,000.  Painting on White Background for the Cell of a Recluse I was damaged when an unidentified museum visitor leaned against it, placing both hands on the canvas.  The large damage payment by the UK government to the Fundació Joan Miró includes both restoration costs as well as compensation for depreciation of the work’s value. (more…)

Longstanding New York arts institution The Kitchen is still recovering from the damage caused by Hurricane Sandy last November.  While the space was able to reopen by the end of November, the organization is still scrambling to cover the losses suffered during the storm, including damages to speakers, lighting fixtures, electronics, and the theatre stage.    (more…)