Museo Vault growth

Nearly five years in, Museo Vault reports solid growth - Business Monday - MiamiHerald.com: " . . . the five-story, 85,000-square-foot building with 65,000 square feet of rentable space at 346 NW 29th St. is about 70-80 percent occupied with art from clients including private collectors, museums, dealers and others. Business manager Vanessa Amor said that three years ago, that number was only about 15-20 percent. “The first six months were very difficult,” she said. “But the interesting thing is that artwork was a commodity that wasn’t necessarily related to what happened in the financial crisis... It’s an interesting twist that the financial crisis, I think, while it worked against other people, it kind of turned to benefit us rather quickly.”. . . " (read more at link above)

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ArtCenter/South Florida Refresh

At South Florida’s original ArtCenter, a fresh approach - Visual Arts - MiamiHerald.com: "Under new leadership, the ArtCenter/South Florida is making good on promises to change things up at the flagship contemporary center of Miami Beach. For its new show, Unpredictable Patterns of Behavior, a guest curator fills up not just the main space at 800 Lincoln Rd.—– the one most recognizable to the average street stroller — but also the formerly underutilized second floor of the building up the block. Some works are by artists associated with the ArtCenter and some not at all." (read more at link above)

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The global ambitions of Art Basel

Eastern expansion The global ambitions of Art Basel
swissinfo.ch
Art Basel opens in Switzerland following the launch weeks earlier of its first Asian edition in Hong Kong. With Art Basel Miami Beach now in its tenth year, swissinfo.ch looks at the brand's expansion and how experts view the change. (read more at link above)
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Banksy Mural Sells for More Than $1 Million

Disputed Banksy Mural Sells for More Than $1.1 Million - Bloomberg: "“Slave Labour,” satirizing Queen Elizabeth’s Diamond Jubilee, was being shown among a group of about 40 works by Banksy, Andy Warhol, Damien Hirst and Mario Testino. Most of the pieces were lower-value prints, though a signed 2001 Testino photograph of Kate Moss, from an edition of three, was priced at 125,000 pounds. Bristol-born Banksy is the world’s most famous and expensive urban artist. A canvas by him sold for a record $1.9 million at auction in February 2008. In that same year, he introduced an authentication service, Pest Control, intended to regulate the market for his paintings and street murals."

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Miami’s Rubell Collection

At Miami’s Rubell Collection, disparate works tell a complex story - Visual Arts - MiamiHerald.com: "The Rubell Family Collection (RFC) was the first major private contemporary art collection to open a public space, back in 1993, in a two-story refurbished warehouse in Wynwood. That move would be a trend setter, as other collectors opened their own spaces, eventually leaving an imprint on the scene that has made Miami a unique art center. . . ." (read more at link above)

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The proper aim of Art

The Decay Of Lying: An Observation by Oscar Wilde:

"The final revelation is that Lying, the telling of beautiful untrue things, is the proper aim of Art."

                                                                                                                              --Oscar Wilde

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Warhol Foundation and Velvet Underground settle

Keurig, Boer Power, Time Warner: Intellectual Property - Bloomberg: " . . .“The parties have reached a confidential agreement to settle the case,” Joshua Paul, a lawyer for the Warhol Foundation, said in a May 28 letter to the judge. The Warhol Foundation, which licenses merchandise based on the late artist’s designs, said that it owned the rights to the banana design he created for the band’s first commercial album. The Velvet Underground and its founders, Lou Reed and John Cale, sued the foundation in January 2012, claiming the band had trademark rights to the banana design, which has become a “symbol, truly an icon” of the group. The case is Velvet Underground v. Andy Warhol Foundation for the Visual Arts, 12-0201, U.S. District Court, Southern District of New York (Manhattan). . . ." read more at link above

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Art Theft: The Case of a Stolen Renoir

Specific law governs how the ownership of a piece of art is determined. “A thief can never gain title, and may never pass title,” says Leila A. Amineddoleh, of counsel at Lombard & Geliebter and executive director of the Lawyers’ Committee for Cultural Heritage Preservation. However, exceptions can be made if someone buys a piece without knowing it was stolen, especially if the owner didn’t make much effort to get it back.

Owner Says It’s ‘Finders, Keepers’ in Case of Stolen Renoir | Lawyers.com - JDSupra: "Buyers who want to ensure they don’t accidentally end up with a piece that was ripped off should seek out an attorney to verify that the seller is legit. “It is much cheaper to complete due diligence than to face a costly litigation or to lose an object from your collection,” the attorney advises. ”And of course, use common sense! If it seems too good to be true, then it probably isn’t true.” (read more at link above)

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"The arts are a terrible business"

Copyright wars are damaging the health of the internet | Technology | guardian.co.uk: " . . . the arts are a terrible business, one where the majority of the income accrues to a statistically insignificant fraction of practitioners – a lopsided long tail with a very fat head. I happen to be one of the extremely lucky lotto winners in this strange and improbable field – I support my family with creative work – but I'm not parochial enough to think that my destiny and the destiny of my fellow 0.0000000000000000001 percenters are the real issue here. What is the real issue here? Put simply, it's the health of the internet. . . ." (read more at link above)

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Paris Photo art fair comes to Los Angeles

The Paris Photo art fair comes to Los Angeles: Photography's new aim - latimes.com: "It's the first U.S. spinoff of Paris Photo, widely considered the world's most prestigious photography fair. Instead of a typical convention center setting, the new event consists of 60 galleries and a dozen bookshops filling three soundstages and several fake buildings on the New York back lot (brownstones and loft buildings used in "Friends" and "Seinfeld") with displays of photographs and photo-based work. Organizers encouraged galleries to think about Hollywood as a theme, inviting into the mix works that explore connections between photography and film as well as the fine — often airbrushed — line between fiction and reality."

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Maya Lin - ‘Here and There’

Maya Lin’s New Memorial Is a City - After Hurricane Sandy, Maya Lin, the architect and artist, decided her new show at Pace Gallery would fix on Manhattan and its surrounding landscape, environmental history and waterways.

Maya Lin’s ‘Here and There’ at Pace Gallery - NYTimes.com: " . . . Also on view are rivers cast from recycled silver and carved marble sculptures of the globe. But the show’s most unexpected aspect is a space devoted to her Web site What Is Missing? (whatismissing.net), begun in 2011 as part of a larger memorial to vanishing species and habitats worldwide. “I see it as a guerilla artwork,” she said. The Web site at first offers a world map shimmering with points of colored light. Click on one, and you find entries about the vanished oysters of Brooklyn’s Gowanus Canal, or the once-abundant sturgeon of the Hudson River, or the long-gone beavers, foxes and flying squirrels of Manhattan. Clicking elsewhere unveils the natural sound of the ocean, now often obscured by sonar and shipping noise; footage of the blue fin tuna, overfished to near-extinction; or stories about the starry night skies that are no longer visible above Wuhan, the most densely populated city in Central China. (The piece is represented in the gallery by about 100 of the Hudson River entries, projected on the walls.) . . . "

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Spectacular art fair city

Five spectacular art fair cities - CNN.com: " . . . Art Basel Miami Beach . . . Yes, the show is an offshoot of the original in Switzerland, but as it approaches its 12th year, Art Basel Miami Beach has earned its stripes in the art community -- and not merely because it gives everyone an excuse to visit Florida in the winter. . . Art Basel Miami Beach features more than 200 exhibitors showcasing the work of some 4,000 artists and competition to be included is fierce -- close to 700 galleries applied to show at Art Basel Miami Beach last year. As at the original Art Basel, the focus here is on the new, but in Miami Beach, there's emphasis on artists and galleries from the United States and Latin America. The Art Nova and Art Positions sections of the fair showcase recent works, and young and emerging artists. The Art Public section, organized in cooperation with the Bass Museum of Art, places art installations in Collins Park. The next Art Basel Miami Beach takes place December 5-8. . . ."

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