The Art World’s First Billion-Dollar Auction Week

“On Wednesday, Christie’s said it sold $658.5 million worth of work at its postwar and contemporary art auction, added to the $705.9 million for 20th-century works auctioned off on Monday. The billion-dollar threshold was a symbolic coup for Christie’s and seemed to widen the divide with its rival Sotheby’s, even if actual profits were unclear.”

A Different Way To Think About Museum Deaccessioning

“As old fashioned as it sounds, and with as many mistakes as have already been made over the past half century or so, it may well be that art museum collections should only be assigned dollar values for insurance purposes and with the understanding that the loss of the collection is the loss of the museum’s reason for existence. As someone once remarked, Grant’s tomb without Ulysses S. is rather pointless.”

Can The Guggenheim Win Over Reluctant Finns? (And Why The Answer Matters)

“In the art and design world, the fate of the prospective museum has become a matter of global import: with everyone from the Louvre to the Hermitage looking to set up outposts abroad, Helsinki has become the latest battleground in an ongoing conflict over how – and whether – small cities and emerging countries should accommodate expansionist mega-museums.”