Art Market Monitor takes a look at what it calls a cooling market for Andy Warhol works, noting the trends of expansion and contraction of the artist’s median price over the past decade and a half.  “The Warhol market, and by extension the Contemporary art market, has moved far and fast in a short period,” the article reads.  “Taking time to consolidate would not be a bad thing for art or the art market.” (more…)

Urs Fischer and Tara Subkoff are profiled in New York Magazine this week, as the couple reflect on Subkoff’s new film #Horror, which premiered this week in New York, and documents the fraught emotional relations of young children.  “One of the things I love about the movie is its harshness — the harshness of the girls against the other girls, the harshness and brutality, which is not a male brutality,” Fischer says. “The movie reminds me a little of Stand by Me â€” as a romanticized girl version. Basically, I see your movie as the contemporary-girl version of Stand by Me.” (more…)

Artist Gary Hume is parting ways with White Cube Gallery, the Art Newspaper reports, partially due to the artist’s increasingly limited time spent in the UK.  As [he] is spending more time working in the US, by mutual agreement, he will no longer be represented by [us],” says a White Cube spokeswoman, who referred to the relationship between Hume and White Cube as “close and extremely positive.” (more…)

Verona’s Castelvecchio is the victim of a $16 million art heist, after four men entered the museum this past Thursday, making off with a series of works including pieces by Rubens, and five pieces by Jacopo Tintoretto.  Italy’s art theft police task force is leading the investigation. (more…)

An Indian artist was briefly detained this week in Jaipur, after unveiling a work depicting a cow hanging suspended in mid-air, a work that some Hindu viewers found offensive.  The local police chief who ordered the detainment has been “removed and I have spoken to the artist personally,” Rajasthan Chief Minister Vasundhara Raje says. (more…)

Lucian Freud’s sketchbooks, drawings and letters have been acquired by the UK from the estate of Lucian Freud, allowing the artist’s estate to sidestep its tax bill as part of the country’s Acceptance in Lieu Scheme.  “This rare collection of Lucian Freud drawings and letters provides a fascinating glimpse into the work of one of our most pioneering artists,” Culture Minister Ed Vaizey says.  “Bringing these never seen before treasures into public collections means that everyone can enjoy and see the early beginnings that shaped his most celebrated work.” (more…)

The powerful new WoofbertVR app, used to digitally simulate immersive 3-D environments, has launched with a look into a room at the Cortauld Gallery, where the user can view works by Renoir, Gauguin, and Monet.  “What museums are excited about — among other things — is access,” says co-founder and chief executive, Robert Hamwee. “Pretty soon a kid with the smart phone in India can visit the Louvre.” (more…)

An article in Town and Country chronicles the ongoing case between Russian billionaire Dmitry Rybolovlev and dealer Yves Bouvier, and the intertwined social and personal histories that underscore the case.   (more…)

France has awarded Adam D. Weinberg, the Director of the Whitney Museum of American Art, with the insignia of Officer of the Order of Arts and Letters.  Weinberg’s work has involved a number of collaborations with French institutions including the Centre Pompidou, Grand Palais, and Le Consortium in Dijon. (more…)

Billionaire hedge fund manager and collector Ken Griffin has stated his concern about the health of the market, as increased focus at the top end of the market has covered an increased price disparity around middle level works.  “We’re seeing the tier one artists with their best works setting all-time record highs,” he said. “But we’re seeing second-tier artists and second-tier works by the best artists starting to slide down in price.” (more…)

The continuing legal struggle between Dmitriy Rybolovlev and Yves Bouvier has now drawn in HSBC bank, after the bank’s reportage of Bouvier’s name on several accounts further supported allegations of money laundering and fraud.  The bank later reported the inclusion of his name as a “clerical error,” which allowed Bouvier’s release.  Both Bouvier and Tania Rappo, who was also arrested in the case, are now filing suit against the bank. (more…)

Phillips president Michael McGinnis is leaving the company to pursue interests in the “non-auction side of the art business.”  “My tenure with Phillips has been nothing short of phenomenal, but the time has come for me to broaden my horizons and pursue new challenges,” he says. “So far my entire twenty-two year career has been in the auction business, and it’s time to experience the art industry from a different perspective.” (more…)

MoMA has officially filed its plans to expand onto the adjoining lot, which formerly housed the Museum of American Folk Art, with the New York City Department of buildings.  The $93 million expansion plan is designed by Diller Scofidio + Renfro. (more…)

The Guardian profiles the work of Robert Smithson this week, particularly his movement from his brash, colorful collage and drawing works of the mid-60’s to the epic land art and natural inversions of masterworks like Spiral Jetty. (more…)

 The Smithsonian will present its first Portrait of a Nation Prize, created “to celebrate the achievements of individuals who’ve contributed significantly to the United States’s cultural imagination” this month, with artist and architect Maya Lin included among the honorees. (more…)

San Francisco’s development tax, which is designed to take a 1% fee from new real estate developments in order to fund public art, is not living up to potential, the SF Examiner reports, as developers are using a loophole merely to place art on the premises of their new buildings. “The Department has limited documentation on the installation of public art in private downtown developments,” a city report reads. “Without public information and documentation the public does not know where all of the art is located and the department does not have a way to evaluate overall if the 1 Percent for Art program is achieving its goals.” (more…)

A report by The Telegraph places Crystal Bridges Museum in Arkansas as the buyer of the record-setting $7.7 million Felix Gonzalez-Torres candy work at Christie’s this month, sold by Dallas Collector Howard Rachofsky.  (more…)

Curator Florence Derieux, who previously worked with the FRAC Champagne-Ardenne in Reims, and with Art Basel, has been appointed Curator of American Art, in New York, and curator at large for the Centre Pompidou Foundation and Museum. (more…)

Artist, musician and writer Kim Gordon will be present the Turner Prize award on Monday, the 7th of December 2015, at the Tramway in Glasgow.  “Kim Gordon has been at the cutting edge of culture for many years and we are delighted to welcome her to Scotland to present this prestigious contemporary art prize,” says Amanda Catto, Head of Visual Arts, Creative Scotland, said. (more…)

Olafur Eliasson is currently negotiating with French officials to install his massive work Ice Watch at the Climate Change summit in Paris.  The work showcases over 120 tons of ice harvested from Greenland as it melts, a comment on the scale and urgency of climate change.  “It makes global warming manifest and raises awareness of the urgency. It is better than a speech,” says French ambassador to Denmark François Zimeray. (more…)

The Francis Bacon catalog raisonné is set to be released next spring, featuring over 100 works never seen publicly before.  “The stuff that has been written about Bacon, some good and much of it less good, is based on about a third of his work,” says art historian Martin Harrison, who has spent the last decade attempting to track down every work. (more…)

The New York Times reports on the recent x-ray investigations of Kazimir Malevich, and the racist joke uncovered as part of the work’s title in the bottom corner of the piece, and the work’s historical ties to the French avant-garde.  “It was believed that this work was done spontaneously, but the results of our investigation reveal that the process of its creation was complex and took a long time,” Irina Vakar, the Tretyakov Gallery’s chief researcher of the Russian avant-garde (more…)

President Hollande has announced that France will offer “asylum” for works threatened by ISIS in Syria and Iraq.  “The right to asylum applies to people… but asylum also applies to works, world heritage,” Hollande says. (more…)

The Guerilla Girls art collective are embarking on a new campaign against billionaire art collectors, beginning next years and commenting on the dissonance between the immense prices paid for contemporary art, the increasing financial-focus of the market, and the struggles of lower class workers at the hands of the hyper-wealthy.  “Cartels of collectors get behind the work of a few selected artists; galleries are paying for exhibitions of their artists at museums; and art fairs are showing the same bankable work over and over,” the group said in a statement. (more…)