WHO GOT THE BUZZ?

Artists, that’s who. “It is pointless to start flinging labels around and referring to art as the new rock ‘n’ roll or the new fashion or even the new film industry, since what actually seems to have happened is that the art world has subsumed all these things and turned them into, well, art. At the same time, the players at the centre of all the excitement, the artists themselves, have emerged as the absolute celebrities of the moment, with the (now, not so) Young British Artists attaining a kind of super-supremacy, like the super-models and rock superstars before them.” – London Evening Standard

SO MUCH FOR THAT EXPERIMENT

MGM Grand has announced it will sell off its part of the $400 million worth of artwork it acquired with its purchase of the Bellagio Hotel in Las Vegas. Former owner Steve Wynn had opened a gallery in the hotel to show the art, and charged visitors admission. MGM says it will use the money to finance its acquisition of the hotel. – Las Vegas Sun

THE ART OF THE E-AUCTION

“The eBay con artists get all the attention, but what about the lesser-known eBay artists? That’s right. There is a new breed of artist using the Internet auction site as a forum for creative expression. Their work is hard to categorize; it’s a combination of conceptual art and performance art, sort of like a digital happening in cyberspace. Where else can an artist reach a potential audience of millions? What better place to make a wry comment on our materialistic consumer culture?” – Boston Globe

EXPENSIVE CHALLENGE

Bernard Arnault is trying to challenge Sotheby’s and Christie’s by pumping life (and a lot of money) into No. 3 auctioneer Philips. The company debuted this week’s auction with an ambitious lineup with about $81 million in art. Less than two thirds sold, however – bringing in just $40.1 million – so Arnault will have to make up the difference himself  because of the minimum prices he guaranteed to his sellers. – New York Post

CHARITY AUCTION OR SERIOUS ART SALE? “The auction began nearly an hour late, and then it started with an announcement that 3 percent of the hammer prices would go to the American Foundation for AIDS Research. Dressed in a bright orange dress with matching lipstick, the movie star Sharon Stone, campaign chairwoman for the charity, made a speech about AIDS. Throughout the evening, she wandered up and down the aisles trying to drum up excitement in the otherwise dead room.” – New York Times

TWENTY YEARS OF MAKEOVER

In an era of rapid change in the museum world, James Wood has been director of the Arts Institute of Chicago for 20 years. “During his time, all the museum’s departments were renovated; the original beaux-arts building was restored; a wing was built; a department of architecture founded; a program of publications resumed; a constellation of conservation labs established; and curators of nearly every department were replaced.” Not to mention two decades-worth of exhibitions of art. Wood reflects on the past and future of American museums. – Chicago Tribune

E-MINIMALISM

  • It’s the digital equivalent of watching paint dry. An artist takes minimalism to the net: “On the computer screen, ‘Film Task’ appears to be a simple black square that, over eight hours, gradually turns white. Since it takes about 30 minutes for the eye to discern a change, patience is required (along with the Shockwave plug-in). A monotonous sine wave serves as the soundtrack, the only accompaniment.” – New York Times