The Best and Worst of the Art World This Week


 

Unbelieva-bowl! – A 15th-century Chinese porcelain bowl just sold for more than $700,000 after an eagle-eyed shopper found it at a yard sale for $35.

Artforum Settles Lawsuit – Former employee Amanda Schmitt and the magazine settled the long-running lawsuit stemming from her accusations against ex-publisher Knight Landesman.

Gallery Weekend Comes to London – After a year of lockdown, galleries are hoping to reinvigorate the art scene with the three-day event.

Christie’s Cans Categories – The auction house is shaking up its traditional sales categories as it debuts a $35 million Monet.

Marina Meets WeTransfer – The storied performance artist is partnering with the tech company to share her patented mindfulness method with the masses.

Sotheby’s Gets in on NFTs – After Christie’s sold the mega-hit Beeple NFT, its rival auction house is offering a digital work by the anonymous artist Pak.

Musee d’Orsay Returns Looted Painting – A Gustav Klimt painting will be restituted to the heirs of its Jewish owner, decades after it was sold under duress.

 

Beeple’s Creeples — Art critic Ben Davis looked through all 5,000 images of Beeple’s $69 million work  and found that it’s riddled with racist and sexist images.

Basel Report Delivers Bad News – A new report says that the art industry in the throes of the worst recession since 2009.

Pace Shakes Up Leadership – Following an investigation by Midnight Publishing Group News into allegations of abusive behavior, two longtime executives at the mega-gallery have departed.

Sackler Name May Leave Museums – Dozens of attorneys general are proposing to allow museums to remove the embattled Sackler family name from their walls.

Beeple Blunder – It turns out that the $69 million NFT may not be an NFT at all, some crypto-purists claim.

Cy Twombly Foundation Sues the Louvre – The lawsuit claims that the late artist’s site-specific mural has been fundamentally altered after the Paris museum renovated a gallery.

Italy Can Boot Bannon From Monastery – Trump’s former chief strategist can be evicted from a medieval monastery where he had planned to set up a school for far-right ‘gladiators.’

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