The story behind the collection of Nazi-looted artworks discovered in a Munich flat this week has taken a new twist, with the discovery that the works had toured the U.S. after World War II, the Wall Street Journal reports.  Part of the collection of Nazi propaganda director Hildebrand Gurlitt traveled to the United States as part of a larger show in 1956, reports illustrate, showing the increasingly difficult challenges of locating the artworks’ original owners. (more…)

A broad selection of works from the late collector Jan Krugier’s enormous art collection is set to go to the auction block on Nov. 4th and 5th at Christie’s in New York.  Consisting of 156 works, the selection of works includes an incredible 29 Picassos, as well as works from Henri Matisse, Alberto Giacometti, Joan Miró, Jean-Michel Basquiat, Georgia O’Keeffe and Robert Rauschenberg, with a total estimated value of $170 million.  “Krugier saw himself as but a temporary possessor of these works. I think he’d rather like it.”  Said Christie’s deputy chair Conor Jordan. (more…)

Experts have identified a work found in a private Swiss collection to be a portrait by Leonardo da Vinci, which has been considered lost for over 500 years. The portrait, depicting noblewoman Isabella D’Este, is believed to have been painted by Da Vinci and several of his assistants.  “There are no doubts that the portrait is Leonardo’s work,” said Carlo Pedretti, an emeritus professor of art history at the University of California. (more…)

Dealer Virginia Dwan, who earned a reputation for her ongoing support and collection of a number of pioneering “Land Art” works during the 1960’s and 70’s, has pledged the donation of 250 works from her collection to The National Gallery in Washington.  Among the works donated are Marcel Duchamp’s iconic recreation of the Mona Lisa with a mustache drawn on, and Michael Heizer’s Double Negative, a monumental piece in the Nevada desert.  “I want the collection to have the largest audience of people possible, not just art world types who have a to-do list.”  Dwan commented. (more…)

Los Angeles collector and patron Eli Broad is at the top of a new list detailing the top art collectors around the world, titled Larry’s List.  Contrasting with the annually published ARTnews assessment, Larry’s List ranks collectors based on Internet presence, institutional engagement, art fair participation, communications platforms, and the physical visibility and scale of their collection.  A full 60-page report will be published later this year. (more…)

Over the past several years, the MGM Grand Casino in Las Vegas has built a museum-caliber art collection, on view at the hotel’s CityCenter campus.  Featuring works by Claes Oldenburg and Coosje van Bruggen, Henry Moore, Isa Genzken, Frank Stella and others, the center’s collection is intended to serve the city as a widely accessible collection of artworks, tucked away among the sights and sounds of The Strip.  “What makes a city successful? What makes people want to live there?” Says MGM CEO James Murren. “We do not have an art museum. I thought that was a big quality of life gap.” (more…)

A never-before-auctioned painting by Dante Gabriel Rossetti will appear on the auction block this December at Sotheby’s in London.  A Christmas Carol was purchased in 1917 by Soap powder billionaire William Hesketh Lever.  Lever kept the work for his entire life, and are being offered for sale by his son, alongside works by William Holman Hunt and James Tissot.  “I have been here nearly 27 years, and I really think these are the best Victorian pictures we’ve had in that time. To see one Victorian painting of such quality would be remarkable, to get three in together is extraordinary.”  Grant Ford, a 19th-century expert at the auctioneers, said. (more…)

Over 40 years, Herbert and Dorothy Vogel built up a collection of some of the most significant contemporary artworks of the post-war contemporary era, paid for on meager working class salaries as a postal worker and librarian.  By the time of Herbert’s death last year, the couple had amassed a collection well over 4,000 works, half of which they set about donating to 50 institutions in each of the fifty states.  A new film by director Megumi Sasaki, titled Herb and Dorothy 50×50, will be released soon, the second film to focus on the story of the couple’s love for art, and the process of donation to museums across the country. (more…)

After several months of deliberation, Berlin officials have announced a new plan for a $174 million museum to house the city’s extensive 20th century art collection.  Located in Potsdamer Platz, the new museum will boast an area of about 9,900 square meters (106,563 square feet), and could open as soon as 2022 if work starts immediately.  It now falls to the German government to approve these plans.  “With a new building, the Nationalgalerie collection could at last be exhibited permanently on a big scale.” German Culture Minister Bernd Neumann said in a statement. (more…)

The Denver Art Museum has received a donation of 50 paintings and sculptures from the collection of Henry Roath, a former Denver lawyer and banker.  The donation, which includes works by Albert Bierstadt, Thomas Moran, Frederic Remington and Ernest L. Blumenschein, is helping to bolster the Denver institution’s already impressive collection of Western Art.  “As my finances got better, my collection got better.” Roath said, but “it seemed that artwork of that quality should be seen by people other than just its owners.” (more…)

Graham Beal, the current Director of the Detroit Institute of Arts, has published a letter in the New York Times, asking journalists and analysts to refrain from overt speculation and panic on the future of the city’s museum.  “True, any successful effort to liquidate D.I.A. art would precipitate a series of events likely to lead to its closing, but we are a very long way from actions that would ‘denude its prestigious collection of its most valuable artworks. ‘We believe that a healthy D.I.A. is, in fact, a crucial component in any recovery of the city of Detroit.”  He writes. (more…)

The FIAC art fair, occurring late this October, will also serve as the ground for the first major exhibitions of work from the collection of François Pinault.  Titled Triple Locked: Works from the Pinault Collection, the exhibition will feature over 50 works from artists Michelangelo Pistoletto, Diana Thater, Bill Viola, Damien Hirst, Julie Mehretu and Chen Zhen, among many more.   (more…)

The Russian government has refused to reunite the collections Ivan Morozov and Sergei Shchukin, which has stood as a point of contention between the Pushkin Museum in Moscow and the State Hermitage in St. Petersburg over the past months. Both institutions currently own parts of the collection, which was divided in half after Stalin shuttered the Museum of New Western Art in 1948.  Former director of the Pushkin Museum Irina Antonova spoke out on the decision last week on Moscow television, stating a hope that the works would be reunited.  “I believe that in the end common sense must triumph,” she said. “We will have a state that will understand what it is to have the kind of museum that we don’t have in Moscow, a top museum of world art in the capital.” (more…)

A number of works from the collection of the late Jan Krugier will go on sale this fall at Christie’s in Manhattan.  The sale, estimated to bring in about $160 million, includes a 1911 landscape by Kandinsky, estimated to bring somewhere between $20 million and $25 million.  “This painting represents a world he loved, one that falls between the figurative into the abstract,” said Conor Jordan, deputy chairman of Christie’s Impressionist and Modern Art Department. (more…)

A number of U.S. Museums are exploring new approaches to exhibiting works while in storage, the LA Times reports.  Museums like LACMA and the Broad Museum have attempted to place larger portions of their collections in “visible storage,” where interested visitors can view them.  “There is this public assumption that museums are hoarding objects in dark rooms, and by the way that isn’t totally wrong,” says LACMA Director Michael Govan. “What we’re saying is that those objects are worthy for viewing and studying if not always for exhibitions. So you’re not contemplating a masterpiece, but maybe you’ll find value in comparing and contrasting different examples of vases.”

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ARTNews’ annual list of the world’s top art collectors has been released, detailing the most prolific and high-spending patrons from around the world.  Among the top 10 are a number of recognizable names, including Eli Broad,  Steven A. Cohen, and François Pinault.  Also of note is a brief article stating the number of collectors willing to spend high dollar amounts for desired works. “I’d say the figure for those going over $20 million is about 150. There are about 100 who would go over $50 million.” Says Sotheby’s Executive Vice President Charles Moffett.   (more…)

Artist Dustin Yellin is profiled in The New York Times, detailing the artist’s continued practice, his recently reopened Pioneer Works space in Red Hook, and his ongoing fascination with collecting and antiques.  “My father had the bug,” said Mr. Yellin, who grew up in Aspen, Colo. “Ever since I can remember walking, he was waking me up at 5 in the morning to go to flea markets. As a kid, I couldn’t really stand it, but as I grew up, I became that guy, and when I have kids, I am going to be doing the same thing.” (more…)

The Financial Times has published a series of articles on collecting, gallery operations and the contemporary art world, running in its June 7th issue, as well as online.  Taking a look at the global market for contemporary art, the special section of the paper includes interviews with Bill Viola and Maurizio Cattelan, a history of the upcoming Art Basel fair, a recap of the newly reopened Berggruen Museum in Berlin, a spotlight on the rising popularity of sculpture in the British market, and a feature on the high-profile Russian art dealer Stella Kesaeva. (more…)

In response to a city proposal to sell off work from the Detroit Institute of Art’s collection to cover a city debt of $15 billion, the Detroit Institute’s director has stated that the work is held “in the public trust,” and cannot be bought or sold. “They’re interested in making a healthy and viable Detroit,” the director, Graham W. J. Beal, said on Friday in a telephone interview. “We believe that that kind of action — diminishing our collection, the cultural value — would not be in the long-term interest.”

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Over the past 50 years, the descendants of renowned Paris art dealer Paul Rosenberg have fought to reclaim their father’s vast art collection, looted from the family’s home during World War II.  Tracing paper trails and historical records, the family is remarkable for their ability to reclaim over 340 of Paul Rosenberg’s 400 works still missing, including works by Picasso, Cézanne and Braque. “They are part of the 5 percent of those who have been successful,” said Marc Masurovsky, Holocaust Art Restitution Project founder. “They set an example of how restitution should take place.” (more…)

Daugavpils, the Latvian birthplace of artist Mark Rothko, opened a new museum dedicated to the artist yesterday.  The Mark Rothko Arts Center is the first permanent collection of the artist’s work in Eastern Europe, and includes six works from the collection of the artist’s son and daughter.  “This centre, I think, is going to become an important archive, an important resource for Rothko scholars to draw on, and also for Rothko’s public.” said Rothko’s son Christopher. (more…)

The Jumex Collection, the contemporary arts-heavy museum currently being built in Mexico City’s wealthy suburb of Polanco, is scheduled to complete its construction in July, with a target opening date in November.  Established by food and juice magnate Eugenio López, the Jumex Collection is considered the largest private contemporary arts collection in Latin America, and features works by  Tacita Dean, Olafur Eliasson, Martin Kippenberger and Bruce Nauman. (more…)

British artist Damien Hirst has announced that he will release a complete catalog documenting over 1,400 “spot paintings” that the artist has done over the past 27 years.  The artist’s highly controversial series, consisting of rows of multi-colored dots and usually painted by his assistants, has occasionally irked collectors and followers, despite claims that “every single spot painting contains my eye, my hand and my heart”.  He says. (more…)

Beginning in June, artist Donald Judd’s Spring Street home and studio, which he purchased in 1968 and renovated himself, will reopen as a museum, offering visitors a look inside at the artist’s personal collection of works and living space.  The building stands as the only intact, single-use cast-iron building left in the neighborhood, and was renovated under the supervision of The Judd Foundation.  “This has all been toward the goal of having people experience this place as if none of these things we had to do were ever done. And from the beginning it’s been a battle between preserving the art and preserving the building.”  Said Judd’s daughter, Rainer. (more…)