The ongoing dispute between two members of the Cy Twombly Foundation appears to have reached a settlement, the New York Times reports.  Twombly Foundation President Nicola Del Roscio and Vice President Julie Sylvester had filed suit accusing fellow director Thomas Saliba and lawyer Ralph Lerner of valuing several Twombly works (held in their own trust) at a highly inflated $1 billion.  The settlement terms, while not all stated, involved Salbia and Lerner resigning their positions in the Foundation. (more…)

A New York Judge has placed a hold on the removal of a delicate Picasso tapestry from the wall of the Four Seasons Restaurant at the Seagrams Building.  The work was scheduled for removal to make repairs to the wall behind it, but will stand until a more cautious plan can be developed.  “I don’t want to be the judge who has a Picasso destroyed,” said Justice Matthew F. Cooper.  “If some damage were to occur, no amount of money could make up for the loss of any Picasso.” (more…)