The Philadelphia Inquirer's Stephan Salisbury
reports that the Philadelphia Museum of Art is suing its insurer to recover for the loss of two paintings it had consigned to the
now defunct Salander-O'Reilly Galleries. Two things to note.
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Kenneth Turan's generally positive
review of "The Art of the Steal" ("Even if you believe that the art should stay where it is, it's hard not to wish that director Don Argott had made the film somewhat more balanced") refers to a
2004 piece by Roberta Smith -- written right after the court had approved the move -- that's really worth reading in full.
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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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