In the art news this week, it was reported that celebrated artist Jasper Johns’ longtime assistant James Meyer was sentenced to 18 months of prison by a Manhattan Federal Judge on Wednesday for stealing and profiting from the sale of 37 of Johns’ art works in excess of $4 million.  Meyer was also ordered to

The art market not only seems to have found its former self but may be in for a total makeover.

Last Wednesday night, Sotheby’s fetched approximately $190 million for 50 pictures. More about the Sotheby’s auction can be found here:

www.nytimes.com/2010/05/14/arts/14iht-melik14.html

The previous night Christie’s sold a Jasper John’s “Flag” for $28.6 million which was