artnet News Cheat Sheet

The top 10 art world stories of the week (May 5–9).

Works by Karl Wirsum in the Derek Eller Gallery booth at Frieze New York 2014. Photo: Benjamin Sutton.

Monumenta 2014
Ilya and Emilia Kabakov, The Strange City
Photo: Didier Plowy for la Réunion des musées nationaux, Grand Palais.

Incoming senior writer Ben Davis outlined why the mood of crisis pervading the art world at present—extenuated by worsening economic inequality and accelerating technological change—makes this an all-the-more exciting time to be writing about art.

Eileen Kinsella attended Sotheby’s and Christie’s Impressionist and modern evening sales in New York. While Christie’s sale exceeded expectations, particularly on the strength of some prized Picassos, Sotheby’s sale was rather flat, tallying slightly less than its pre-sale estimate.

Deaths come in threes is a truism that proved true this week, when Nazi loot hoarder Cornelius Gurlitt died in Munich on Tuesday, followed shortly by the 94-year-old master painter Maria Lassnig, and, the following day, appropriation artist Elaine Sturtevant.

In New York for the Frieze Week fairs? Be sure to set aside some time for the current roster of great gallery shows, 18 of which the artnet News team reviewed this week.

In Paris, Coline Milliard visited Ilya and Emilia Kabakov’s The Strange City, the Russian duo’s enormous Monumenta 14 commission for the Grand Palais, but found that their work was not able to compete with the classic Beaux-Arts building’s soaring architecture. “For all its heavy-handed messages,” she writes, “the most disappointing aspect of The Strange City is its near total failure to address the unique space of the Grand Palais.”

Will Germany Keep Gurlitt’s Trove from the Swiss?

Sotheby’s Will Cover Dan Loeb’s Legal Expenses to the Tune of $20 Million

Airline Asks Passengers to Make Masterpieces on Their Airsickness Bags

Banksy Gives Controversial Mobile Lovers Artwork to Bristol Youth Club

Who Bought Walter De Maria’s East Village Studio?

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