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Outside Some High-Profile Sales (Banana Anyone?) Art Auction Market Is Down 40 Percent This Season

The auction market "continues to sag behind its 2022 sales records, when a pent-up supply of masterpieces during the pandemic pushed the fall sales to $3.2 billion." - The New York Times

Valencia’s Artists And Cultural Institutions Dig Out After Floods

In Spain, regional governments are responsible for disaster management, including heritage protection. The co-operation between the central government and Valencia’s to respond to the catastrophe has come under heavy scrutiny, with accusations of negligence on both sides. - The Art Newspaper

A Graphic Novel About Elon Musk Is Having A Very Hard Time Finding A US Or UK Publisher

France? Sure, France published the book. But, the book’s author says, “I’m told that there was interest from various international publishers at the recent Frankfurt book fair, but there was concern over possible legal consequences.” - The Observer (UK)

Lessons The Art World Is Learning At Auction, Post-Election

"Some analysts expected that Donald J. Trump’s victory in the presidential election would cast a glow over the art market after seeing the prices of some stocks, cryptocurrencies and the dollar lift shortly after his win.” And yet, no. - The New York Times

How Much Input Did Barbara Hepworth Have In The Casting Processes For Her Sculptures?

In newly revealed letters, "the instructions make it clear how deeply involved Hepworth was in the casting procedure, caring not just about the final look of the metal, but also the precise angle of balance.” (Which might seem obvious? But, you know, woman.) - The Observer (UK)

The Banana Piece Is A Disgusting Display Of Cynicism And Wealth Management

“I don’t think Cattelan’s ‘prank’ was ever in good faith. The Italian artist swims in the same swamp as those he pretends to parody. The murkier the waters, the more they thrive.” - Hyperallergic

Italian Police Recover Ancient Etruscan Objects Looted By “Amateurish” Tomb Raiders

"Italian authorities have recovered precious 3rd century B.C. artifacts from an Etruscan necropolis looted by a couple of bungling tomb raiders in Umbria who stumbled across the haul on their land. … The artifacts, including eight urns, two sarcophagi and beauty accessories …, are worth at least 8 million euros ($8.5 million)." - CNN

Boston’s Institute Of Contemporary Art Gets A New Director

Nora Abrams, who has been the director of Denver’s Museum of Contemporary Art since 2019, will succeed Jill Medvedow, who will leave her position in March 2025. - WBUR

Banana-On-The-Wall Artwork Sells For $6.24 Million At Sotheby’s

Maurizio Cattelan's conceptual piece, titled Comedian, first sold for $120,000 at Art Basel Miami Beach in 2019; last night, cryptocurrency mogul Justin Sun agreed to pay more than 50 times that amount. He gets a roll of duct tape, a banana, official instructions for installation and a certificate of authenticity. - CNN

Van Gogh Did Not Intend His Irises To Be Blue

He painted them, back in 1889, in a deep, vibrant purple. Here's how two conservators at the Getty figured that out — and why the irises have turned blue over the intervening 135 years. - Hyperallergic

Nigeria Builds A Museum For The 21st Century

The Museum of West African Art (Mowaa), a constellation of buildings and outdoor performance spaces spread out across a 6-hectare (15-acre) campus, will hold its inaugural exhibition in May 2025. - The Guardian

For The First Time, A Magritte Painting Sells For Nine Figures

One of several versions of René Magritte's "L’Empire des lumières” sold for $121 million at auction at Christie's New York. - CNN

Bay Area Museums Are Struggling To Survive

More than half a dozen nonprofit arts and cultural institutions reviewed by the Chronicle have experienced significant revenue decreases, most say attendance remains below pre-pandemic levels and some have had issues with fundraising in recent years. - San Francisco Chronicle (MSN)

The Prado Museum Casts Itself In The Role Of Literary Muse

Since last year, the Prado has been bringing novelists to live in an apartment overlooking the museum. They stay for periods ranging from three to six weeks, but they are not expected to write there. All they have to do is look at the art — and draw inspiration from what they see. - The New York Times

Director Of Smithsonian’s American Art Museum Was Removed After Years Of Staff Complaints

Stephanie Stebich raised more than $100 million for the museum in her seven years there and maintained good relations with the board and senior Smithsonian officials. But former and current staffers describe her decision-making as confused and her management style as anger and recrimination. - The Washington Post (MSN)

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