The court case over payment to three trustees of the Robert Rauschenberg Revocable Trust has been settled this week by a Florida judge, who approved a payment of $24.6 million for “extraordinary services” in preserving the artist’s legacy, much to the disappointment of Rauschenberg’s estate, which is considering its options in the face of the ruling.  “We are reviewing our legal options and will pursue the course of action that is in the best interest of the foundation,” says Christopher Rauschenberg, the artist’s son and president of the foundation. (more…)

Court proceedings regarding the lawsuit filed by members of the Robert Rauschenberg Trust, demanding they receive up to $60 million in compensation for their work maintaining the foundation, are nearing their conclusion.  The plaintiffs claim that their work has grown the value of the Rauschenberg estate, and they should be paid accordingly. (more…)

The New York Times looks at the results of returning treasured art works to their countries of origin, and examines the varying levels of prominence or neglect these works often reach once returned.  “It’s not the same with music, it’s not the same with film, it’s not the same with literature — but when it comes to physical objects,” says J. Paul Getty Trust President James B. Cuno, “these things are kept as evidence of a proud past, as defined by the nation-state government.” (more…)

The Artist Pension Trust, cited as the largest collection of contemporary art in the world, is currently looking to sell off 5,000 works from its collection, the Telegraph reports.  The sale of works will cut the fund’s collection nearly in half, and will go to benefit both the artists in the trust, as well as the operating costs of the trust. “We are hoping to place works privately with institutions through our team of curators,” say Moti Shniberg, a trust co-founder. “Otherwise, interested buyers can contact us. The works are all listed on the Trust’s website.” (more…)

New York Gallery Mitchell-Innes and Nash has announced that it will represent late artist Jay DeFeo through the Jay DeFeo trust, seeking to bring a new perspective on the artist to the East Coast following her landmark exhibition at The Whitney Museum.  The gallery is planning its own retrospective of DeFeo’s work for next year.  “Her work intersects three areas of interest to us,” said gallery founder Lucy Mitchell-Innes. “Abstract Expressionism; European art from the 1950s, ’60s and ’70s; and women artists.” (more…)