Where The Dominoes Fall In The Art Market’s Collapse

“The art market’s crash — for that is what it is — threatens to remake the art world. In the past few weeks, auctioneers, dealers, artists and collectors have changed strategies and policies, and it’s likely that future changes will be even more sweeping. … Here, a look at how the art-market retrenchment will affect its players….”

National Museum of American History, In A New Light

“When the National Museum of American History reopens on Friday after two years and $85 million of renovation, it may begin to shed its reputation as one of the more cramped and confounding corners of the Smithsonian Institution. … [A] central five-story atrium now streams with daylight, promising other forms of illumination as the visitor heads off to the new or refreshed displays, with others to open in the next few months.”

Jerusalem’s Tolerance Museum Sparks, Um, Intolerance

“On a former parking lot in downtown Jerusalem some two dozen workers are now clearing the grounds for a planned museum/educational center designed by [Frank] Gehry and dedicated to the theme of tolerance.” But “the project is already inflaming some of the very passions it is dedicated to quelling, spurring protests from Islamic groups and the condemnation of Palestinian Authority President Mahmoud Abbas.”

Mexican Mural Sells For $6.8M

America, a 13-by-15-foot allegorical mural by Rufino Tamayo, has sold for $6.8 million at Sotheby’s. The mural, commissioned in 1995 by Houston’s Bank of the Southwest and sold to a collector in 1993 (and on loan ever since to the Dallas Museum of Art), is one of only five such works still in private hands in the U.S.