Movie Museum Has An Architect

The Oscars are getting their own museum in LA, and “an architect who helped raise a bustling new quarter from the industrial mess of southeast Paris” has been tapped to design it. Christian de Portzamparc’s movie museum will rise just south of Hollywood Boulevard, and is expected to cost $200m.

No Takers For $35m Van Gogh

“A Vincent Van Gogh painting has failed to sell at an art auction in New York. Sotheby’s was hoping The Wheat Fields would fetch up to $35m, but it failed to reach its undisclosed reserve or attract a bid over $25m.” The painting is believed to be Van Gogh’s last completed work.

What Happened At Sotheby’s?

Van Gogh wasn’t the only artist getting no love from bidders at yesterday’s Sotheby’s auction. 20 of 76 lots failed to sell, including works by Picasso and Miró. Some think the tumbling stock market may have made buyers cautious, but a Christie’s auction did better under the same conditions.