La noticia describe que la familia Rivero, encabezada por Joaquín Rivero, elegirá Jerez como sede de su pinacoteca que reúne más de 300 cuadros, entre ellos obras de Goya, Valdés Leal y Zurbarán. Se discuten posibles sedes como las bodegas Tradición, el Palacio Riquelme y la bodega del Rincón Malillo, con planes de crear alrededor de 70 cuadros expuestos y una posible biblioteca de la pintura.
The Los Angeles Times reports an out-of-court settlement in which Thomas Bennigson will receive $6.5 million from Marilynn Alsdorf for Picasso's Femme en blanc (Woman in White), a painting reportedly stolen by the Nazis. As part of a prior agreement contingent on the settlement, Bennigson will receive a lesser sum from art dealer Stephen Hahn equal to the profit Hahn realized on the sale, and there may be additional funds from David Tunkl related to plans to exhibit and sell the work in 2002.
ARTnews reports that Chicago philanthropist Marilynn Alsdorf agreed to pay Thomas Bennigson $6.5 million to settle lawsuits over Pablo Picasso’s 1922 Femme en blanc (Woman in White), which was confiscated by the Nazis in Paris and later sold by an art dealer in New York.
François Pinault abandons plans to build a contemporary museum in Paris and instead will show his collection in Palazzo Grassi, Venice. Bernard Arnault has hired Frank Gehry to design a new museum in Paris. The article mentions Arnault’s plan in the Jardin d’acclimatation, the proposed building details, and the involvement of artists and collectors in related developments.