Interesting
report in The Art Newspaper: "A group led by a former US magistrate judge has launched an 11th hour campaign to prevent the auction of photographs from the Polaroid collection." The group is said to be "working towards filing a motion for a rehearing at the Minnesota bankruptcy court that awarded sale rights to Sotheby’s last August." The works are scheduled to be sold at Sotheby's in New York in June.
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Randy Kennedy in the
NYT: "The photographer Annie Leibovitz
... has reached an agreement with Colony Capital, a Los Angeles firm, to help her restructure her debt .... Under the deal, Colony — which manages about $30 billion in assets, mostly in real estate — will become Ms Leibovitz’s only creditor .... Ms. Leibovitz averted a foreclosure last summer after she missed a deadline to repay $24 million in loans she owed to Art Capital Group .... Colony, which also controls the rights to the Neverland Ranch in California, ... plans to manage sales of Ms. Leibovitz’s photographic holdings and pursue other business ventures for her so that she can concentrate on her career."
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I've been meaning to mention Sonia Katyal and Eduardo M. Penalver's
Property Outlaws: How Squatters, Pirates, and Protesters Improve the Law of Ownership, and I now see that they've posted the introduction online
here. Here's the abstract:
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I know I
said I would take a break from "The Art of the Steal," but a few interesting pieces appeared over the weekend that are worth noting.
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Mark Durney had an interesting
post on the subject over the weekend, with links to
David Gill ("forgeries have corrupted collections for centuries") and
Bruno Frey ("the harmful effects of fakes are small and mitigated by emerging institutions (guarantees, sellers with reputation)").
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The Fresno Bee
reports: "The son and daughter-in-law of famed nature photographer Ansel Adams have filed a civil complaint in Fresno County Superior Court to prevent six of Adams' prints from being auctioned off by the Fresno Metropolitan Museum."
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The Boston Globe: "On the eve of the 20th anniversary of the theft of masterpieces from the Isabella Stewart Gardner Museum, the FBI is resubmitting evidence taken from the crime scene for DNA analysis in hope of gaining a long-sought break in the case."
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