The Wall Street Journal reports that a professor at NYU has had to temporarily remove a tiny video camera installed in the back of his head, thereby stalling his year-long art project.
Art lovers should not fear too much delay, however, as the professor is wearing the camera around his neck in the meantime.
The art piece was commissioned by the Mathaf: Arab Museum of Modern Art in Doha, Qatar.
According to the Washington Post, opponents of a plan to move The Barnes Foundation's legendary art collection to Philadelphia are asking a judge to reopen the case.
The Friends of the Barnes Foundation want to halt the Barnes' move from suburban Lower Merion.
In court documents filed Thursday, they accuse former Attorney General Mike Fisher of misconduct. They say he should have been a neutral party but instead was a "major player" in enabling the Barnes' move by pressuring its trustees.
According to this article,the Hungarian government says it has asked a U.S. court to dismiss a lawsuit by the heirs of a prominent Jewish collector who are seeking the return of art worth over $100 million seized during the Holocaust.
The Ministry of National Development said Tuesday that the 2010 suit by the heirs of Baron Mor Lipot Herzog in Washington should be dismissed, in part because compensation for the 44 artworks was covered by a 1973 claims agreement between Hungary and the United States.
The collection, which consists of works that included paintings by El Greco and Francisco de Zurbaran, were apparently seized by the Nazis and Hungary's Communist regime.
The Wall Street Journal reports that, as far as the art market is concerned, the recession truly appears to be lifting.
Among the highlights:
-In 2010, Christie’s had the best year in its 245-year history
-Chinese ceramics and contemporary works — pulled in $882.9 million in sales for the year for Christie’s
-According to the Mei/Moses All Art Index, a measure of fine art’s long-term price performance, in 2010 works of art posted a return of 16.6%, outpacing the 15.1% total return for the S&P 500-stock index
But as always, there is caution. As the article states,"And then there’s the nagging worry that last year’s sales boom may be seen in retrospect as a bubble, fueled by low interest rates and a lack of palatable investment alternatives."
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