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artforum.com
The works were recovered in Paris, including a portrait of Picasso's daughter Maya and the Doll (1938) and a 1961 painting of his second wife, Jacqueline Roque, along with a drawing titled Marie-Therese at Age 21. The combined value is €50 million ($68.7 million). Three people were arrested and are awaiting charges.
mam.org
The page covers the tenth benefit art auction for the Milwaukee Art Museum, held on November 2, 2007, in Milwaukee, Wisconsin. It mentions artists including Sigmar Polke, Christo, Chuck Close, and David Hockney, with proceeds benefiting the Contemporary Art Society Acquisition Fund. Sponsors include M&I Wealth Management and Sotheby’s, with additional details on events and refreshments.
upi.com
Fisk University and the Georgia O'Keeffe Museum reached a compromise over the painting Radiator Building Night, New York, with Fisk to receive $7.5 million and display rights for parts of the year; Tennessee Attorney General Robert Cooper had opposed the initial low price of $7 million. The painting is by Georgia O'Keeffe and the dispute centers on funds for Fisk University and O'Keeffe's intent in donating a 101-work collection in 1949.
artforum.com
David Hirst’s business manager Frank Dunphy said the diamond skull is selling to an investment group for 100 million dollars; the skull has been on the market since June 3 at London’s White Cube gallery and may be shown in museums for two to three years by the buyers.
santafenewmexican.com
The Georgia O'Keeffe Museum and Fisk University are in a lawsuit over the artist's works from her 20th century collection. Wal-Mart heiress Alice Walton offered $30 million for a 50 percent undivided share of the collection, with proposals to keep works on display half the time at Crystal Bridges Museum and half at Fisk University.
theartnewspaper.com
Kazimir Malevich heirs seek return of 14 paintings from the Stedelijk Museum; a US court ruled the City of Amsterdam is not immune from the lawsuit alleging unlawful expropriation and seeking compensation and return of artworks.
independent.co.uk
The Independent reports that the National Gallery is attempting to raise a world-record £100m to purchase Nicolas Poussin’s Sacraments on loan from the Duke of Rutland, amid a funding crunch and competition from foreign galleries. The decision on funding from the Heritage Lottery Fund is expected in December, with potential export restrictions if funding fails.
Christie’s
Christie’s previewed a September Japanese and Korean Art auction spanning screens, ceramics, armor and modern painting. The Korean section was led by a 16th-century Gathering of Scholars estimated at $700,000–900,000, while two Lee Ufan works carried estimates up to $800,000.