The Chicago Tribune reports that the lions outside the Art Institute of Chicago will be wearing solar-powered wreaths this year.
Aside from the obvious environmental benefits, the wreaths apparently will be composed of a total of 2,011 spheres in various shades of red. And inside each sphere will be "a wish for the world in 2011" written by Chicago-area schoolchildren.
If you are in Chicago, you can check them out starting the day after Thanksgiving.
According to this article, the Asian Art Museum in San Francisco is teetering on the edge of filing for bankruptcy.
The article states that the impending insolvency arises from a fluctuation in interest rates on $120 million in loans outstanding to the museum's lender, JP Morgan Chase.
The museum appears to be getting ready for troubled times. The article also states that the museum's directors have hired a bankruptcy attorney Bruce Bennett, who previously worked on Orange County's $10 billion filing.
A Nashville chancery court has granted Fisk University permission to sell a half-share in its famed Stieglitz art collection for $30 million. The Court also ruled that $20 million of the sale be set aside in a trust to preserve the art if Fisk's money troubles force the school to close.
Tennessee Attorney General Bob Cooper was not pleased with the ruling, having argued that it violates O'Keeffe's explicit wish that the collection never be sold. He also warned that allowing the sale might deter other donors from giving to Tennessee museums and universities in the future.
According to this article, despite the ruling, a small group of Fisk University alumni have signed a letter requesting the resignation of president Hazel O'Leary in part because of her role in the school's efforts to sell the art collection.
Even Tobias Meyer, the famed Sotheby's auctioneer, was impressed.
According to this article, after Sotheby's Auction House saw Amedeo Modigliani's "La Belle Romaine” sell for 68 million dollars, Meyer stated: “The audience was shocked. We were completely blown away.”
Meyer may have also been impressed by the auctions at Christie's where a cubist painting by Juan Gris sold for 28 million and a Matisse statue of a woman’s back sold for over 48 million. According to the article, both exceeded expectations and easily set records for the artists.
Here is one last phenomenal statistic: Sotheby’s says its sale of Contemporary and Modern Art is up 183 percent from last year.
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