The Robert Rauschenberg Foundation is no longer represented by Gagosian Gallery, Artforum reports, a move which ends a partnership first started in 2008.  The organization will now look to Pace Gallery (which represented Rauschenberg later in his career), Thaddaeus Ropac, and São Paulo’s Luisa Strina for worldwide representation.   (more…)

As the Los Angeles County Museum of Art continues its 50th-anniversary acquisitions campaign, the museum announced over $200 million in new art received as “anniversary gifts” to the institution.  A number of the works go on view this week as part of the museum’s “50 for 50: Gifts on the Occasion of LACMA’s Anniversary” exhibition. (more…)

Philip-Lorca diCorcia, Cain and Abel (2013)

Currently on view at David Zwirner is East of Eden, Philip-Lorca diCorcia’s latest photographic investigation on contemporary humanity and its position within a complexly interwoven cultural setting.  This series reflects diCorcia’s interpretation of a search for equilibrium after the deep impacts of the Financial Crisis in 2007, both during and after the Bush administration. (more…)

Alfred Taubman, via Detroit Free Press

Alfred Taubman, the shopping mall developer and business mastermind who turned Sotheby’s from a private auction house to the publicly traded art market power it is today, has passed away at the age of 91.

Taubman earned his fortune during the years following World War II, re-engineering the American retail experience through his design and development of the modern shopping mall, and used his earnings to purchase Sotheby Parke Bernet for $130 million in 1983.  Within five years, Taubman had retooled its customer experience and sales strategies before taking the company public in 1988.   (more…)

Former Walt Disney President Michael Ovitz has filed a $2.5 Million bad faith breach of contract lawsuit against insurance company American International Group (AIG) and Chartis Property Casualty Co. for allegedly failing to reimburse Ovitz for a lost Richard Prince work.  “While Defendants ultimately acknowledged coverage and full insurance benefits for another loss under almost identical circumstances, Defendants steadfastly, unreasonably, and without probable cause, refused to provide coverage for the loss at issue herein,” and thus represented bad faith, the suit says. (more…)

The New York Times reports on the move of Christie’s Impressionist and Evening Auction for Modern Art to the second week of May, a move that crowds the market with 5 major sales in the same week.  “Fatigue may have set in by then, but it is very hard to predict,” says gallerist and former Sotheby’s exec David Nash. (more…)

A new report released by fine art insurance company Hiscox finds that an increasing number of collectors, at least 75% of those surveyed, are viewing online art sales as an investment opportunity.  “I wonder whether this change in attitude is genuine,” says Robert Read, the head of fine art at Hiscox, “or whether it is a dot.com moment where people feel they are missing out if they don’t.”

A thorough forensic study dating Francisco Goya’s private series “Witches and Old Women” has resulted in an exhibition at the Courtauld Gallery in London, showing the works in chronological order for the first time.  “His work is all about capturing that human spark,” says Goya scholar Juliet Wilson-Bareau.  “From his youth onwards, he observed everything that life had to offer. He was utterly fascinated by the human animal form from the word go.” (more…)

An article in Bloomberg this week notes the statement of Laurence D. Fink, head of the world’s biggest asset manager, BlackRock Inc., that contemporary art has surpassed gold as a more secure investment.  “Historically gold was a great instrument for storing of Fink said at a conference in Singapore. “Gold has lost its luster and there’s other mechanisms in which you can store wealth that are inflation-adjusted.” (more…)

The Guardian reviews the ongoing rebuilding efforts at the Glasgow School of Art, after the school’s Mackintosh library was destroyed in last year’s massive blaze.  A fundraising campaign has already launched to help finance a new building, but a debate over rebuilding the space or starting over is currently drawing considerable attention.  “[Mackintosh] was driven by a lifelong search for new forms in architecture and technology and was never a copyist,” architecture professor Alan Dunlop says. “I have no doubt that he would reject the approach of building a replica.” (more…)

This year’s edition of Art Basel in Switzerland will feature a specially commissioned collaborative sculpture and performative work by Rirkrit Tiravanija, architects Nikolaus Hirsch and Michel Müller, and chef Antto Melasniemi, titled DO WE DREAM UNDER THE SAME SKY.   “Creating a place of hospitality, visitors can engage through the activities on offer, such as the drinking of herbal tea plucked fresh from the on-site garden, the preparation and eating of food,” the organization said in a statement. “The food will be rooted in Thai tradition and will be available with no fixed schedule, menu or price list: compensation is self-determined, by self-serving, serving others, donations or even participating in the cooking or washing up.” (more…)

The 2015 Artindex France report, annually released by Art Newspaper sister publication Journal des Arts has been released this week, with Berlin-based, French-Albanian artist Anri Sala topping the list, followed by François Morellet and Christian Boltanski, respectively.  The survey bases its findings on the number of solo exhibitions worldwide, compounded by each venue’s level of recognition and prominence. (more…)

Lee Ufan, Dialogue-Silence (2013)

Lisson Gallery is currently presenting a new body of work by Lee Ufan, the influential artist who first gained recognition within the avant-garde art movement Mono-ha (School of Things) during the 1960’s. Considerably less known and understood in the West, Mono-ha emerged in Japan as a response to Eurocentric notions of representational and descriptive art making, focusing instead on the dialogue between nature and material.  Ufan, who started his career as a professor and art critic, stands out as an influential figure from the movement with his visually serene yet intellectually intriguing works, often harmonizing sculpture with works on canvas. (more…)

Continuing a week of announcements regarding next month’s auctions, Christie’s has revealed that it has acquired the Sonnabend Collection for its May sales in New York, valued at $50 million.  The Collection has never before been offered on the secondary market.  “Many of Sonnabend’s exhibitions helped determine the course of art history in the late 20th Century,” says Laura Paulson, Christie’s chairman for post-war and contemporary art. “She discovered and promoted some of the most significant artists of her time.” (more…)

Random Darknet Shopper, a robot-based art project designed to randomly shop on Deep Web and black market websites, has been returned to the !Mediengruppe Bitnik collective after being confiscated in Janurary for purchasing MDMA during the piece’s performance.  Any potential prosecution over the work has also been withdrawn.  “The public prosecutor states that the possession of Ecstasy was indeed a reasonable means for the purpose of sparking public debate about questions related to the exhibition,” prosecuting attorneys state.  “The public prosecution also asserts that the overweighing interest in the questions raised by the art work Random Darknet Shopper justify the exhibition of the drugs as artifacts, even if the exhibition does hold a small risk of endangerment of third parties through the drugs exhibited” (more…)

A pair of bills introduced in Congress this week will look to improve artist rights and benefits regarding their works, The Art Newspaper reports.  One bill will look to push for an artist’s resale royalty in the US, bringing the country up to par with current measures being undertaken in Europe, while the second offers a tax deduction of fair market value for artists donating works to museums. Both bills have been proposed before, but have yet to be passed. (more…)

Adam Szymczyk, the director for Documenta 14 in Kassel and Athens has stated his interest in exhibited the full collection of works from the Cornelius Gurlitt trove at the exhibition in 2017.  “I am not interested in an exclusive or first spectacular presentation but I would like to show the entire Gurlitt estate in the political and aesthetic context of Documenta 14,” he says.  “Our exhibition provides a unique and timely public platform for such a presentation.”  (more…)

The Morgan Library has named Colin Bailey as its new director, who has previously served as the chief curator of the Frick Collection.  “We should be able to do a little better,” says Morgan President Lawrence R. Ricciardi. “The programming is there. It’s just a question of getting the word out and getting people in the door.” (more…)

Two paintings, including a classic Roy Lichtenstein held at the Sam Simon Foundation, an organization established by Simpsons co-founder.  The pair of works are valued at $400,000.   (more…)

Collector Bob Rennie is interviewed in Bloomberg this week, offering his reflections and tips on starting a dedicated art collection, including his takes on art as investment.  “We can’t pretend that art is not an asset,” he notes. “It has to be managed.” (more…)

Early estimates claim that the Giacometti sculpture Looking Forward to the Past may smash its just recently set record of over $100 million next month at Christie’s Modern Sale in New York, with speculation that the work may achieve a final price of at least $130 million.  “It’s Giacometti saying: ‘Move forward! The war is behind us,’” Jussi Pylkkanen says of the work. “It’s the sculpture that symbolizes the future.” (more…)

The soon-to-open new home of the Whitney Museum was the site of a protest last night, which sought to illuminate the museum’s location above a massive fossil fuel pipeline and vault operated by Spectra Energy.  “Today we are asking: How can a museum that literally covers up the dirty fossil fuel industry be a beacon for the future of art and culture?” an open letter from the protesters read. (more…)

A Los Angeles Times article charts the success of LACMA curator Stephanie Barron, who has helped grow the museum and its collection into an international powerhouse of modern and contemporary art, as well as a growing Korean, Islamic and Latin American collections.  “I’ve had the amazing good fortune,” Barron says, “to work for an institution that has unconditionally supported the seriousness of the work that I want to do.” (more…)

An article in the Wall Street Journal this week notes the details and contractual clauses that accompany sales at the higher end of the art market, often in an attempt to prevent speculation.  “I don’t want to see my clients gambling at auction,” says gallerist Renato Danese. “What if the work doesn’t sell, or sells below the low estimate? That will hurt the artist in terms of current and future sales, and it will hurt my clients.”  (more…)