The New York Times looks at the recent trend towards smaller and boutique art fairs, where collectors can experience specially selected works and a more nuanced buying experience. The article focuses particularly on London’s Art15 fair, where a focus on international buyers and new investors has defined it as a leader in the growing market. “We deliberately made it smaller,” says Art15 Director Kate Bryan. “We wanted to create a concentrated, boutique-style event. The demographic of London is changing all the time, and we wanted to respond to that.”  (more…)

London’s National Gallery has indicated that Ireland has some claim to a series of long disputed Impressionist masterpieces.  The collection of Hugh Lane, who died on the Lusitania explosion in 1915, had been willed to Dublin, but since the will had not been witnessed, they were legally bound to Britain.  “The National Gallery claims legal ownership of the paintings bequeathed by Sir Hugh Lane, but has long conceded that Dublin has some moral claim to them,” said National Gallery Director Nicholas Penny, during a lecture on the collection. (more…)

CNBC is reporting that the mystery buyer of the record-setting Picasso canvas this month is still at large, refuting the New York Post’s reporting that former Qatari prime minister Hamad bin Jassim bin Jaber Al Thani had purchased the work for a record-setting $179 million. (more…)

Painter Agnes Martin is profiled in The Guardian this week, as the artist prepares to open her new exhibition at the Tate Modern next month, tracing her early work and her exacting vision for her production. “When you give up on the idea of right and wrong, you don’t get anything,” Martin says. “What you get is rid of everything, freedom from ideas and responsibilities.” (more…)

Coloring Book, a monumental new sculpture by Jeff Koons, has sold for €12 million euros at a Cannes charity auction that ultimately brought in more than €33 million to fund AIDS research through amFAR.    (more…)

After 30 years working with Mary Boone, Eric Fischl is parting ways with the gallery, the Art Newspaper reports.  “Right now, Eric says he wants to concentrate on his work, not be affiliated with a gallery. We respect that and will continue to have a good relationship with him,” says Ron Warren, director and partner at Mary Boone. “I think he has decided that the art world and the market have changed so much that he wants to concentrate on making his work, and distance himself from being represented by a gallery.” (more…)

The New York Post quotes an unnamed source disclosing that the mystery buyer of the record setting, $179 Million Pablo Picasso several weeks ago in New York is former Qatari Prime Minister Hamad bin Jassim bin Jaber Al Thani.  “The painting almost certainly will not go on public display in Qatar because of the nudity, even though it is a cubist work,” the source says. (more…)

The Museum of Modern Art has announced plans for a major retrospective focused on the work of Donald Judd, set to open in 2017, organized by Chief Curator Ann Temkin.  “Half a century after Judd established himself as a leading figure of his time, his legacy demands to be considered anew,” said Ms. Temkin. “The show will cover the entire arc of Judd’s career, including not only quintessential objects from the 1960s and 1970s, but also works made before he arrived at his iconic formal vocabulary, and selections from the remarkable developments of the 1980s.” (more…)

The Whitney has named Scott Rothkopf, the man behind last year’s Jeff Koons retrospective, as the institution’s new chief curator, taking over for Donna De Salvo as she assumes the new position of deputy director.  “Now that the institution has grown, we need more firepower at the top,” says President Adam Weinberg said, adding: “I wouldn’t say so much that it’s a generational change but it is about bringing that next generation into the curatorial and programmatic leadership.” (more…)

Georg Baselitz is interviewed in The Guardian this week, discussing his early life and his recent contributions to the Glyndebourne  Opera Festival.  “They tell me it’s rather conservative and more than just a bit elitist,” he says. “I don’t even like classical music that much – it bores me. Except for Bach. But he didn’t write opera so that’s not much good.” (more…)

The Guardian takes a tour of Gilbert and George’s East London home and studio, where the pair have lived and worked since 1968, and which they have restored to its original 18th century interior.  “It took 300 years to go downhill,” explained George. “We’ve prepared it for the next 300 years, see? We’ve used the same paint as they used originally, the same plaster, everything is as it would’ve been originally.” (more…)

A new British £20 note has been announced this week, and this time, a creative figure from British history will replace economist Adam Smith, the New York Times reports.  “Banknotes are the principal way the Bank of England engages with the British public,”Mark Carney, the governor of the Bank of England. “These sparse pieces of paper from the 17th century have developed over the years to become the small works of art that are in everyone’s wallets.  There are a wealth of individuals within the field of visual arts whose work shaped British thought, innovation, leadership, values and society and who continue to inspire people today.” (more…)

The Telegraph looks at the record-breaking sales last week at Christie’s in the context of the auction house’s penchant for pre-sale guarantees, noting that over $250 million of the Looking Forward to the Past sale’s monumental $706 million final tally was guaranteed.  They are effectively buying market share,” says one unnamed art advisor. (more…)

Ode to Santos Dumont the last work completed by the late Chris Burden this year, has gone on view at LACMA, a helium-filled dirigible that circles inside the Resnick Pavilion, paying tribute to the balloon pilot who sailed around the Eiffel Tower in 1901.  “The idea that you try and fail and try and fail and have an imagination is very much Chris Burden the artist,” LACMA Director Michael Govan says.  “I think he saw in Santos Dumont a bit of himself having ideas and an imagination and tenacity and also that kind of joy of achievement.” (more…)

Michael Heizer is profiled in The Guardian this week, following the opening of his newest show in New York.  “Years ago, when I had no money and I made a work of art, maybe I couldn’t afford to make it more resistant to the weather. I did, however, exploit that situation,” he says of his early work.  “I wasn’t an environmental, greenie artist making things out of moss and leaves. But I knew that some things dissipate, and I factored that into the work.” (more…)

Some of the paintings allegedly stolen from Picasso’s stepdaughter, Catherine Hutin-Blay, were found in the collection of Russian billionaire Dmitry Rybolovlev, who purchased them through art broker and adviser, Yves Bouvier (currently under investigation for fraud).  Bouvier’s lawyer denies any knowledge of the works’ stolen status.  “For all the paintings he acquired, he asked for a certificate from the Art Loss Register, demonstrating that it has not been registered as missing or stolen,” says Bouvier’s attorney, Luc Brossollet.   (more…)

The court case over the Peggy Guggenheim Collection in Venice has begun, a lawsuit by the collector’s grandson to prevent the Guggenheim Foundation from showing any works not in the collection within the museum space, “alleging it breaks with the original arrangement that Peggy wanted and which should be respected after her death,” according to plaintiff Sandro Rumney. (more…)

The Whitney Museum has launched a new program for emerging and young artists, giving them access to the spaces of the new downtown location to put on their first U.S. solo exhibitions.  The first artists selected for the project are New York-based artists Jared Madere and Rachel Rose, as well as Qatari-American writer and artist Sophia Al-Maria.   (more…)

The Guardian has an article this week looking at composer Arvo Pärt and Gerhard Richter’s early careers under communism, and the pair’s respective pieces dedicated to the work of the other, to premiere at this year’s Manchester International Festival this month. (more…)

Continuing her fundraising quest through the sale of her grandfather Pablo Picasso‘s estate, Marina Picasso is selling her inherited villa in Cannes, La Califnornie, a space she has already seen a €150 Million offer for. “Of course I’m selling,” she says. “But it’s also a way to share.” (more…)

The Guardian takes another look at Grayson Perry’s recently completed home design in Essex, the fittingly-titled A House for Essex, which he calls a monument to “thwarted female intelligence,” and executed as a sacred communion with an imagined Essex woman named Julie May Cope. (more…)

A piece in the Financial Times notes that the value of the global art market topped €51 billion last year, an astounding figure that comes as Christie’s topped a $1 billion in sales this week alone.  Featuring in-depth analysis, the article notes the U.S. and China as the top shareholders in market value, and as well as the interesting detail that most dealer inventory rarely moves in under 6 months, despite that current clamor for works on the market.    (more…)

NPR has a profile on painter Elaine de Kooning (wife of Willem de Kooning) this week, focusing on the artist’s interest in portraiture as a retrospective of her work opens at the National Portrait Gallery in Washington, D.C., including her famous depiction of John F. Kennedy.  “The idea of a man who happens to be president of the United States — well, that’s already, right there, he’s bigger than life,” de Kooning said in 1976. “I was scampering up and down the ladder to do this painting.” (more…)

With Dasha Zhukova’s Garage Center for Contemporary Art set to open on June 12th in Moscow, the museum has released a video offering a preview of both its impressive architecture and its world-class collection, including a colorful mural unearthed during renovations of the site, previously a Soviet-era restaurant.   (more…)