Art World Headlines (7/18-7/24)

Not in the know? Here’s what was making headlines in the art world this week:

German artist Otto Piene dies unexpectedly in Berlin
The artist died unexpectedly on July 17, 2014 at the age of 86.

Paddle8 Partners with Winklevoss Twins
Cameron and Tyler Winklevoss are backing the online auction house and peddling Banksy, Claes Oldenburg and Andy Warhol.

Chinese collector buys $36 million tea cup
Shanghai-based art collector Liu Yiqian used his American Express card to purchase a $36.3 million tiny porcelain cup.

Possible Rodin and Degas works found at Gurlitt home
Two sculptures, possibly by Auguste Rodin and Edgar Degas, have been discovered in the home of the late art hoarder Cornelius Gurlitt.

2014 Leo Award goes to Dimitris Daskalopoulos
Independent Curators International (ICI) has chosen the Greek entrepreneur and art collector for the work he has done with both the D. Daskalopoulos Collection and his arts non-profit NEON.

Auction houses bring pre-20th century works out of the shadows

Sotheby’s and Christie’s have started offering mixed auctions of top items cherry-picked from a range of traditional departments such as European furniture, silver, and antiquities.

artnet Data Shows Global Art Market Boom Continues
Fine art sales reached over $6.4 billion in the second quarter of 2014, up 7% over the comparable period in 2013, according to a report released by artnet on July 24th.

Warhol, Lawrence, Diebenkorn Trove to Cantor Arts Center
Stanford University’s Cantor Arts Center has received large gifts of works by Richard Diebenkorn, Jacob Lawrence, and Andy Warhol.

Court case claims that the Australian art market is 30% forgeries
A Supreme Court case brought against Christie’s Australia indicates that their may be a widespread forgery problem in the country’s art market.