A Jeff Koons sculpture causing consternation to the owner’s neighbors, via Curbed

A hedge-fund king adorns his Upper East Side penthouse terrace with a huge sculpture of a diamond by Jeff Koons [NY Post]
In related: Two interviews where Jeff Koons speaks about his work, financial troubles due to custody battle after divorce and art market [Art Market Monitor]

At the Ace Hotel via New York Magazine

The new ACE Hotel in New York has commissioned a mural of 4,000 graffiti stickers collected in New York by the Bronx-born artist, Michael Anderson [New York Magazine]
Lehman Brothers selling its corporate art collection to contribute to the bankrupt company coffers [Bloomberg]

Terence Koh in in a wedding dress via Supreme Management

Terence Koh gets married to Garrick Gott in a wedding dress like his mother once wore [Supreme Management]

T-shirt, Terence Koh’s design via Pipeline

In related, “Hand-finished” limited edition T-shirts with a bullet scar by Terence Koh are now in sale at the Opening Ceremony [Pipeline]
Robert Stevens’ film depicting animal cruelty starts a lawsuit resulting in a debate around free speech in art community [Artinfo]

Nate Lowman at the Hydra Workshop via C-Monster

The artsy jet-set on the Greek Isle at the Hydra Workshop presenting works by New York “bad boy,” Nate Lowman [Hydra Workshop via C-Monster]
Auction Houses face a dilemma as the previously bullish market reduced the supply of quality works to a growing market [NY Times]
The Tate Britain is looking for a director [e-flux]

A rendering of Pier 57 via Hudson River Park River Trust

Youngwoo’s proposal will bring in the Phillips auction house to turn part of Pier 57  into contemporary art galleries, the Tribeca Film Festival will program a movie theater and a two-acre park will be built on the pier’s roof [The New York Observer]
Reduced rents, spurred by a difficult economic climate, cause such galleries in L.A. as Gagosian, Blum & Poe, Susanna Vielmetter, and Cherry and Martin Roberts & Tilton to expand in Culver City [Art Review]

Zhang Huan to design Semele via Art Knowledge News

KT Wong Foundation commissions Chinese artist Zhang Huan to design and direct Semele opera in Belgium’s leading Opera House [Art Knowledge News]
French street artist, known as Zevs, arrested for painting a dripping Chanel logo above Armani boutique in Hong Kong; prosecutors ask for $861,000 to replace the affected facade [South China Morning Post]
Buyers battered by a credit crisis look for bargains in contemporary art, works by artists born post-1945 may be a smart investment [The Wall Street Journal]

The Fifer, Manet via Artinfo

While Musée D’Orsay is partially closed, de Young Museum in San Francisco will host two landmark exhibitions of Impressionist and Post-Impressionist art from the vast collection of the French museum [Fine Arts Museums of San Francisco]
The Palm Springs Art Museum’s contemporary art collection grows with a gift of 116 works by 66 artists including Donald Judd, Louise Bourgeois and Gary Hume [Los Angeles Times]

Cindy Sherman on cover of Men’s Vogue via Art is Alive

Cindy Sherman, on the cover of L’Uomo Vogue [Art is Alive]
An interesting editorial on the issue of London’s National Portrait Gallery battling Wikipedia for uploading the copyrighted reproductions of their collection [The Wall Street Journal]
Sam Taylor-Wood’s debut film, a John Lennon biopic, to close the London film festival [TimesUK]

Louvre, FIAC hosted at Louvre, Cour Carree and Grand Palais via Erco

In Paris the 36th edition of FIAC brings together 196 modern art and contemporary galleries from 21 countries [Art Daily]
In related, the Musée du Louvre launches the English version of its online collections database [NY Times]
Rocco Landesman awaits confirmation for his position as a chairman-designate to National Endowment for the Arts and is likely to start the job on firmer ground than any of his recent predecessors [The New York Times]

The Wassaic Project via The New York Times

The Wassaic Project, an elevator grain converted into an art gallery, attracts art and young curators to the small town Northeast of New York [The New York Times]
The Downtown branch of the Whitney museum designed by Renzo Piano should be ready in 2012 [The Villager]

Dash Snow and his daughter Secret via TinyVices

Following Dash Snow’s untimely death early last Tuesday morning, articles such as this one from The Guardian labeled Snow as an “art icon.”   The Independent cited the artist as “a mythical hero of an artistic underworld.”   There was a cynical editorial on Dash Snow from Canada [Toronto Star via Art Market Monitor]   And within 48 hours of Dash Snow’s death, New York Magazine speculated on the market for his work, and later that that his work might be pulled from an charity auction in Watermill next weekend. Terence Koh dedicated a performance in the UK [The Moment] and Brazilian street art duo OS Gemeos dedicated their Houston and Bowery mural to the artist [NYMag] There was an extensive image collection of the artist and his work from Tiny Vices. and finally a eulogy from the artist’s friend Glenn O’Brien [Purple-Diary]

A work by John Baldessari via the Tate

The Tate Modern will launch a major John Baldessari retrospective, his first in the UK, on October 13th [Tate]
Bob and Roberta Smith and Wolfgang Tillmans will be Tate trustees [FAD]

Zevs bombing the Armani store with his dripping Chanel Trademark via SlamXHype

Graffitti artist Zevs arrested in Hong Kong before a major gallery show [SlamXHype]
In related, 3 are arrested for conducting a counterfeit Banksy printing operation [The Art Collectors]

A mockup of London’s Playing the Building installation via David Byrne.com

David Byrne reprises his downtown New York Playing The Building sound in architecture installation at London’s Roundhouse August 8th through the 31st [Roundhouse.org]

The video for Madonna’s ‘Candyshop,’ featuring video by Marilyn Minter via YouTube

Marilyn Minter’s Green Pink Caviar is used as a video backdrop for Madonna’s song “Candyshop” [Artnet]

A rendering of Herzog de Meuron’s expansion to the Tate Modern via World Architecture News

Much publicized plans to expand the British Museum and the Tate could be tabled as funds come into question [TimesUK]
A look at some of the recent graduates and potential YBA’s at Goldmith’s degree show in London [GuardianUK]

Olafur Eliasson speaks about using space and light via Ted

An engaging video of Olafur Eliason speaking about perception [Ted]
The Wall Street Journal has an excerpt from the book Provenance, which documents one of the greatest cons in the history of art forgery [Wall Street Journal]

Lawrence Salander via Bloomberg

Lawrence B. Salander was arrested for the 2nd time for what the Manhattan District Attorney called the biggest art fraud in New York history [Bloomberg]
A video interview with American painter Ellsworth Kelly [The Art Newspaper]

Roman Abramovich and Dasha Zhukova via Fashion Week Daily

According to rumors, Moscow curator Dasha Zhukova and 2008 mega-collector Roman Abramovich have split [Fashion Week Daily]
Christie’s has an iPhone app, offering access to its calendar and catalogs, and soon a live-bidding component [Guardian]

Simon de Pury via Harpers Bazaar

Simon de Pury, chairman of the auction house Phillips de Pury revealed as Judge on the upcoming Bravo/Sara Jessica Parker art-world reality show [NY Times] and video of the around-the-block line in New York to apply to be on the show recently [NYArtBeat]