Egypt’s Serious Art Looting Problem

For decades, archaeologist Monica Hanna says, average Egyptians “believed the heritage belonged to the state, to tourists, not to the people.” As a result, she said, youth are easily persuaded by their elders to help plunder cemeteries and religious sites in a fashion that recalls the thievery in Dickens’ “Oliver Twist.”

Detroit Creditors Solicit Billion-Dollar Bids For DIA’s Art Collection

“A group of major Detroit creditors said four investors have made tentative billion-dollar bids for the Detroit Institute of Arts – or key portions of its collection – in a move aimed at undercutting the city’s competing proposal to give the museum to a nonprofit in exchange for $816 million in outside funding that would help reduce pension cuts.”

Do Artists Still Need Galleries?

“Many galleries are signing artists and not doing enough to promote their work.” And in today’s hyper-charged art market, there are many alternative ways of promoting your own art such as working with a manager or hiring your own staff to take on the roles traditionally performed by galleries.

Munich Prosecutors Release 1000 Art Works Seized In Cornelius Gurlitt Apartment Raid

Officials had “seized some 1,400 items, including 1,280 artworks, from Cornelius Gurlitt’s apartment in 2012 while investigating a tax case. Gurlitt’s lawyers appealed the seizure, arguing that the art wasn’t relevant as evidence for prosecutors’ suspicions of import tax evasion. He also said that seizing the entire collection was disproportionate.”