Gagosian’s New Digs

There’s been much hype about Larry Gagosian’s new gallery space in London. “The Gagosian Gallery proves to be a modest creation, housed in a former garage in Britannia Street, a rats’ alley smelling of diesel and urine, scuttling across the Metropolitan and Circle underground lines as they rattle between Farringdon and King’s Cross-St Pancras. Behind the gaunt facade, Larry Gagosian’s architects, Caruso St John, best known for their New Art Gallery, in Walsall, which opened in 2000, have opened up bright, cavernous, concrete-floored, top-lit white spaces. These are particularly refined white spaces; they have something of a religious air about them…”

Qatar Sheikh”s Buying Spree For Five Museums

Sheikh Saud al-Thani of Qatar is building five new museums and is serious about collecting for them. “A team of London agents working for the Sheikh bought 350 of the top lots in last months’ Islamic sales, spending well in excess of £15 million. The objects are all destined for the Museum of Islamic Art under construction in Doha to the designs of I.M. Pei, the Chinese-American architect coaxed out of retirement by Sheikh Saud. With its completion scheduled for 2006, the Islamic museum will be the first of the five to open, and the Sheikh‘s determination to buy the very best for its collection is having an extraordinary effect on the Islamic art market.”

The FBI, The Bug, And The Museum Of Modern Art

In 2002, the FBI planted a bug in the construction shed at the site of the new Museum of Modern Art in New York. The bug resulted in a 61-count indictment against 24 people including “fifteen family associates; and a number of fellows from locals 14 and 15 of the International Union of Operating Engineers, an AFL-CIO affiliate, have been indicted on charges that include racketeering, extortion, loan-sharking, and all the trimmings. “

The New Chinese Collectors

“The rise of the Chinese art buyer has been swift and spirited. Five years ago private art collectors on the mainland were virtually unheard of. Now, driven by plenty of money and a patriotic rush to return treasures smuggled away over the centuries, Chinese collectors are bidding here as well as in New York and London.”