In a recent discussion with writer Jonathan Lethem at Cooper Union, Patti Smith was asked if it was possible for young artists to come to New York City and find the path to stardom that she did.  In response, Smith told the crowd, “New York has closed itself off to the young and the struggling.”  On Sunday, May 23, PS1 MoMA opened the third iteration of its quinquennial celebration of emerging artists who live and work in New York – Greater New York – which will run through October 20, 2010. This year’s show features some 68 artists which marks a steep fall from the 160 artists in the 2005 edition, perhaps adding some truth to Smith’s words.

According to the press release, this year’s show – overseen by P.S.1 director Klaus Biesenbach, Museum of Modern Art drawings curator Connie Butler, and P.S.1 curatorial adviser Neville Wakefield – will center “largely on the process of creation and the generative nature of the artist’s studio.” Leading up to the opening of Greater New York, artists including Franklin Evans, Dani Leventhal, and Kalup Linzy utilized PS1 as studio space to create new work on-site.  This sort of artistic production will be ongoing throughout the exhibition in locations like the Boiler Room, where Whitney Biennialist Aki Sasamoto has invited the artist Saul Melman to collaborate. The Bruce High Quality Foundation also engages with this notion with their commission to develop an “art pedestal exchange program,” a seemingly minimal installation that groups beautifully refined new “art pedestals” that will be offered to art schools in exchange for their old worn pedestals. Over the course of the exhibition what began as a pristine white installation will transform into an amalgam of used exhibition furniture.

Conrad Ventur’s “This Is My Life (Shirley Bassey)”

More text, videos, related links and a full photo story after the jump…

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Installation view of Rothko’s ‘Seagram Murals’ via MSNBC

Tate Liverpool exhibits Rothko’s Seagram Murals after a 20-year absence [Artdaily]
Rochelle Steiner, under whose tenure Olafur Eliasson’s “New York City Waterfalls” was sponsored, leaves the Public Art Fund [NY Times] and in related, Sotheby’s CEO takes big paycuts in the wake of the market downturn [Bloomberg]

Alex James, bassist of Blur via The Mirror

Blur’s Alex James to judge Charles Saatchi’s art-star reality TV show [The Mirror]
Jonathan Jones on how consumerism spawned Warhol and Pop art and thus the shallowness of contemporary art [Guardian]
Vanity Fair’s imagined conversations overheard at a MoMA party [VanityFair]
A new show at Paris’s Musee d’Art Moderne acknowledges how Italian Surrealist Giorgio de Chirico sold backdated copies of his own work [Bloomberg]

Patti Smith via The Art Newspaper

Patti Smith, whose Polaroids are showing at Robert Miller gallery, on her early career as an artist and why she feels Jeff Koons’s work is “just litter upon the earth” [The Art Newspaper]

Andy Warhol’s BMW Art Car via W Magazine

The BMW Art Car series by artists such as Frank Stella, Andy Warhol, Roy Lichtenstein and Robert Rauschenberg to appear at New York’s Grand Central Terminal starting March 24 [W Magazine]
Chinese art dealer who sabotaged Christie’s sale of bronzes during the Yves Saint Laurent sale weeps at his shattered credibility [Bloomberg]

Steve McQueen modeling for T Magazine

A brief profile of Turner prize winning film artist Steve McQueen’s fashion aesthetic [The Moment]
The Las Vegas Sun does a post-mortem on the Las Vegas Art Museum, which closed last month [Las Vegas sun via ArtsJournal]

Trailer for ‘Guest of Cindy Sherman’ via Entertainment Weekly

Soon to open in New York, an art world outsider chronicles his relationship with an art world insider in the film ‘Guest of Cindy Sherman’ [Entertainment Weekly]
Susan Moore looks at the recent emergence of a homegrown art scene in the United Arab Emirates [Financial Times]

Collectors Stephanie Seymour and Peter Brant.  Image courtesy Mary Barone via Artnet

Art in America and Interview Magazine owner Peter Brant opens his private collection to the public, by appointment only, at the Brant Foundation Art Study Center [NY Times]
How the former CEO of the Royal Bank of Scotland was unable to secure an immense 16,000 piece art collection obtained during a takeover of ABN Amro as that bank’s CEO deftly transferred ownership to a foundation before the merger [TimesUK]
Turner Prize winning sculptor Antony Gormley announces first public art installation for Scotland [TheScotsman]

Laura Hoptman, Massimiliano Gioni and Lauren Cornell, curators at the New Museum of Contemporary Art via NY Times

A preview of the New Museum’s inaugural triennial, “The Generational: Younger Than Jesus” [NY Times]
Hans Ulrich Obrist’s book “The Conversation Series” includes interviews with artist such as Wolfgang Tillmans and Gilbert and George [ArtInfo]

A peek at Pierogi Gallery’s new annex, the Boiler via NY Times

Williamsburg’s Pierogi Gallery opens new annex, The Boiler [NY Times]
Chelsea galleries, including Andrea Rosen, Barbara Gladstone, Mary Boone and Matthew Marks, to show work at the Museo Nacional de Bellas Artes in Havana, Cuba [The Art Newspaper]

Anish Kapoor’s ‘Temenos’ via AnishKapoor

Construction begins on first of five of Anish Kapoor outdoor sculptures in the UK: the ‘world’s biggest art project’ [DesignWeek]

Portrait of Pope Benedict XIV by Pierre Subleyras via NY Mag

Old masters prove to be a bellwether in the market downturn [Financial Times] as such, The Metropolitan Museum acquires a Renaissance portrait of Pope Benedict XIV for nearly $1 million amidst financial woes [NY Mag] and this painting also is featured here in a separate video discussion on the resilience of old master paintings [Sotheby’s]