In the wake of the multiple lawsuits brought against the Knoedler Gallery for sales of counterfeit art since the space closed in 2011, Forbes Magazine has published an article detailing the lack of oversight and due diligence that often plagues collectors when art and antiques are being bought or sold. “Sophisticated businesspeople would never do a business deal without asking questions, but somehow when they are buying art or collectibles, their common sense flies out of their head,” says Patty Gerstenblith, a professor of Art and Cultural Law at DePaul University. (more…)

‬In the midst of a major mid-career retrospective at Tate Modern, Damien Hirst is profiled by Forbes magazine. Considering the boundaries of a contemporary art market, the article suggests “nobody seems to misunderstand his genius more than Damien Hirst himself.”

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Dutch artist Bart Jansen transforms his own dead cat into artistic installation.

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