Two stolen paintings return to Italy after 22 years: Two large Old Master paintings worth up to €180,000 (£123,530) have been returned to Italy 22 years after they were stolen. The two pictures represent the physically largest recoveries of the Art Loss Register’s 25-year history.
07.06.2016, Antiques Trade Gazette: Two stolen paintings return to Italy after 22 years
07.06.2016, Artnet News: Old Master Paintings Stolen Decades Ago Are Found in London Vault
The Art Market: Never quiet on the western front: The latest sensational twist in the Rybolovlev/Bouvier combat has sucked in Sotheby’s. Normally, auction houses keep details of anything to do with their clients very, very secret, but now the firm may have to reveal details of some private sale transactions if a New York judge orders them to do so.
03.06.2016, The Financial Times: The Art Market: Never quiet on the western front
How Would Brexit Affect the British Art Market?: Britain has the third largest art market in the world. More than 7,800 British art and antique businesses have a 65 percent share of the European Union’s art and antiques market. And yet, there is no consensus on what would be the implications of Britain leaving the EU would be.
02.06.2016, Artnet News: How Would Brexit Affect the British Art Market?
Factual clarity and the missing Modigliani: Thanks to the release of the Panama Papers last month, more has been leaked in relation to the dispute involving Modigliani’s Seated Man with a Cane. The crux of the dispute is whether the painting held by the company is indeed the same that had been in the Stettiner collection before the Second World War.
01.06.2016, Institute of Art and Law: Factual clarity and the missing Modigliani
Court of Appeal upholds ruling that Henry Moore’s ‘Old Flo’ belongs to east London: The search is on for a secure place to install Henry Moore’s “Old Flo” in east London after the Court of Appeal upheld last year’s decision that the £20m bronze belongs to Tower Hamlets.
02.06.2016, The Art Newspaper: Court of Appeal upholds ruling that Henry Moore’s ‘Old Flo’ belongs to east London
07.06.2016, Institute of Art and Law: Old Flo is staying put – what can we learn?
Portrait by Adolph Menzel Among Latest Artifacts Recovered by the Mosse Art Restitution Project and Sold at Auction: A significant pastel painting by Adolph Menzel, one of Germany’s most famous 19th Century painters, has been auctioned in Berlin for 850,000 euro — more than twice the estimated auction price — marking the latest successful artwork recovered by the Mosse Art Restitution Project.
The Louvre’s closure proves art cannot survive climate change: One of the oldest human illusions is that culture is a conquest of, or an escape from, nature. It is an illusion we need to abandon fast.
08.06.2016, The Guardian: The Louvre’s closure proves art cannot survive climate change
03.06.2016, The Financial Times: Louvre art evacuated to escape rising Seine
06.06.2016, The New York Times: Louvre and Musée d’Orsay Prepare to Reopen as Floodwaters Recede in Paris
Mysterious Ukrainian Collector Returns Stolen Dutch Old Master Painting a Decade Later: A Ukrainian art buyer has returned one of 24 paintings that disappeared from the Netherlands’ Westfries Museum during a 2005 robbery.
31.05.2016, Artnet News: Mysterious Ukrainian Collector Returns Stolen Dutch Old Master Painting a Decade Later
The dream museum: It is customary to hear that all the great works are already in museums, never to re-emerge. But in fact, says the Swiss art adviser Thomas Seydoux; “Great art is still kept in private hands throughout Europe, by owners who have resisted from listening to tempting offers or guarantees.”
07.06.2016, The Financial Times: The dream museum
Art Sales: how low can Russian art go?: There is something strangely fascinating about the way the fortunes of Russian art have imploded, going from the fastest growing market in the world to the most contracted in just over a decade.
31.05.2016, Telegraph: Art Sales: how low can Russian art go?
03.06.2016, Art Market Monitor: Russia’s Fascinating Art Makes Up a High-Risk Market
Senate holds hearing for bill to help Holocaust survivors recover looted art: The Senate Judiciary Committee heard on Tuesday arguments in favor of passing the bipartisan Holocaust Expropriated Art Recovery (HEAR) Act, which aims to help Holocaust survivors and their families recover art stolen by the Nazis during World War II.
07.06.2016, The Jerusalem Post: Senate holds hearing for bill to help Holocaust survivors recover looted art
06.06.2016, The Washington Times: Senate to hear testimony about lost art stolen by Nazis during World War II
07.06.2016, USA Today: Bill would help families recover artwork looted by Nazis
07.06.2016, The Art Newspaper: Helen Mirren testifies in support of Holocaust art restitution bill
Third copyright lawsuit filed against Richard Prince for appropriating Sid Vicious photo: In yet another copyright lawsuit against the appropriation artist Richard Prince, Dennis Morris LLC, the London-based photographer’s corporation, filed a complaint on 3 June in California federal court.
07.06.2016, The Art Newspaper: Third copyright lawsuit filed against Richard Prince for appropriating Sid Vicious photo
07.06.2016, Artnet News: Sid Vicious’s Photographer Sues Richard Prince for Copyright Infringement
US Senate committee submits private museum findings to Internal Revenue Service: A chill went down the spines of collectors when news broke late last year that the US government was scrutinising private museums to discover whether they benefit their wealthy founders more than the general public. In November, the Senate Finance Committee sent a letter to 11 museums set up by collectors asking about their opening hours, attendance figures and the role of the founders in day-to-day operations. Six months later, the results are in.
02.06.2016, The Art Newspaper: US Senate committee submits private museum findings to Internal Revenue Service
02.06.2016, Artnet News: Senate Inquiry into Private Museums Finds Tax Code ‘Ripe for Exploitation’
From illicit art to fresh blood: four of the biggest challenges facing museums today: Museum professionals gathered in Washington, DC, to survey the state of the field at the annual AAM conference.
03.06.2016, The Art Newspaper: From illicit art to fresh blood: four of the biggest challenges facing museums today
FBI’s Art Crime Team Recovers Thousands of Missing Pieces of Art, Artifacts: The FBI has recovered at least 2,650 missing pieces of art or historical artifacts, many of which were stolen, since 2004.
02.06.2016, NBC Washington: FBI’s Art Crime Team Recovers Thousands of Missing Pieces of Art, Artifacts
U.S. sending 1,000-year-old stolen artifacts back to India: More than 200 ancient artifacts stolen from religious sites in India were returned by the United States, coinciding with the U.S. visit of Prime Minister Narendra Modi.
07.06.2016, UPI: U.S. sending 1,000-year-old stolen artifacts back to India
08.06.2016, The Times of India: PM Modi’s quest to bring back cultural artefacts started in 2003
How much money is ISIS actually making from looted art?: A team at the University of Chicago has created a revenue estimate tool that will give us a better idea of what the underground trade is worth.
01.06.2016, Scroll.in: How much money is ISIS actually making from looted art?
Renowned German Archaeologist Claims Syrian Troops Are Now Looting Palmyra: A German archaeologist has spoken out regarding Palmyra, stating that Syrian forces have been looting the ancient site since they liberated it with the help of Russian forces last month.
02.06.2016, Artnet News: Renowned German Archaeologist Claims Syrian Troops Are Now Looting Palmyra
What drives Asia’s most powerful art collectors?: Following on from a Christie’s Hong Kong sales season which realised almost $HK3 billion, Asia’s most powerful and influential collectors reveal their passions, aspirations, motivations and dreams — and offer advice for anyone hoping to join their exclusive club.
02.06.2016, Christie’s: What drives Asia’s most powerful art collectors?
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