Australia: Major exhibitions have delivered mixed returns for Victoria’s museums. Last year’s Salvador Dali: Liquid Desire exhibition at the National Gallery of Victoria made a profit of A$900,000 (£520,000) from a A$4.5m investment, while in 2008, Art Deco: 1910-1939, a Victoria and Albert Museum touring show, made A$1m after a A$3.6m spend. A 2007 Guggenheim show at the Victoria gallery lost A$1m.
Austria: The Leopold Museum in Vienna has agreed to pay the estate of Jewish art dealer Lea Bondi Jaray $19m for a painting stolen by a Nazi agent in the late 1930s. US officials seized Egon Schiele’s Portrait of Wally (1912) in 1997 when it was loaned by the Leopold Museum to MoMA in New York. The museum has agreed to display a sign next to the painting that indicates its Nazi-looted history.
Germany: Polish artist Miroslaw Balka, whose blackbox installation filled Tate Modern’s Turbine Hall, has created a 300-foot-long cage filled with hamsters in the German old masters gallery of the Staatliche Kunsthalle in Karlsruhe.
Greece: The Athens Dialogues, a conference hosting 60 academics in the fields of science, humanities and the arts, will form the opening programme of the new Onassis Cultural Centre in Athens, in November. The centre contains exhibition space, a theatre and a library.
Hungary: The heirs of Hungarian art collector Mór Lipót Herzog have filed a lawsuit in Washington, DC against Hungary, which they claim seized more than 40 works of art worth $100m from the family collection at the end of the second world war. The Herzog family aims to recover pieces by artists such as El Greco and Velázquez.
US: Los Angeles City Council has approved plans for a museum to be built in the downtown area, which would house the 2,000-piece contemporary art collection of local philanthropist Eli Broad. A $200m endowment provided by the billionaire will cover the museum’s operating costs. Broad has rejected a rival offer of a rent-free site next to the Civic Auditorium in Santa Monica.
US: The Chelsea Museum in New York could lose its charter following the disclosure that its permanent collection was pledged as collateral against a loan taken out to cover the institution’s mortgage. The collection, reportedly worth $2.5m, includes works by artists such as Joan Mitchell and Jean Arp. The matter is now under review.
Seen in the Los Angeles Times, Art Newspaper, Wall Street Journal, Australian, BBC and Süddeutsche Zeitung
Austria: The Leopold Museum in Vienna has agreed to pay the estate of Jewish art dealer Lea Bondi Jaray $19m for a painting stolen by a Nazi agent in the late 1930s. US officials seized Egon Schiele’s Portrait of Wally (1912) in 1997 when it was loaned by the Leopold Museum to MoMA in New York. The museum has agreed to display a sign next to the painting that indicates its Nazi-looted history.
Germany: Polish artist Miroslaw Balka, whose blackbox installation filled Tate Modern’s Turbine Hall, has created a 300-foot-long cage filled with hamsters in the German old masters gallery of the Staatliche Kunsthalle in Karlsruhe.
Greece: The Athens Dialogues, a conference hosting 60 academics in the fields of science, humanities and the arts, will form the opening programme of the new Onassis Cultural Centre in Athens, in November. The centre contains exhibition space, a theatre and a library.
Hungary: The heirs of Hungarian art collector Mór Lipót Herzog have filed a lawsuit in Washington, DC against Hungary, which they claim seized more than 40 works of art worth $100m from the family collection at the end of the second world war. The Herzog family aims to recover pieces by artists such as El Greco and Velázquez.
US: Los Angeles City Council has approved plans for a museum to be built in the downtown area, which would house the 2,000-piece contemporary art collection of local philanthropist Eli Broad. A $200m endowment provided by the billionaire will cover the museum’s operating costs. Broad has rejected a rival offer of a rent-free site next to the Civic Auditorium in Santa Monica.
US: The Chelsea Museum in New York could lose its charter following the disclosure that its permanent collection was pledged as collateral against a loan taken out to cover the institution’s mortgage. The collection, reportedly worth $2.5m, includes works by artists such as Joan Mitchell and Jean Arp. The matter is now under review.
Seen in the Los Angeles Times, Art Newspaper, Wall Street Journal, Australian, BBC and Süddeutsche Zeitung
