Marina Picasso is interviewed in The Guardian this week, as she prepares to sell off an extensive collection of her grandfather’s ceramics and paintings, a gesture she feels will help to heal a painful childhood. “Being Picasso’s granddaughter was very hard. I don’t snub the inheritance, not at all, I just want a lighter way to live and to be able to devote myself to my humanitarian work,” she says. “There is absolutely no hatred, no bitterness, no vengeance on my part.”  (more…)

A major legal battle over the estate of copper heiress Huguette Clark has reached a settlement, with the Corcoran Gallery of Art receiving a large share of Clark’s fortune, including $10 million in cash, half the proceeds from the sale of Monet’s Water Lillies, and a seat on the board of a new national arts foundation.  “We’re going to be very guarded with these funds,” said Corcoran President Peggy Loar. “This will help our operating situation, but very carefully.” (more…)