Art World Headlines (7/25-7/31)

Here’s what made headlines in the art world this week:

Alibaba can get you a 99.999% discount on Jeff Koons’ “Balloon Dog”
The Chinese retail giant is selling knockoffs of the famous sculpture for just $500.

Alfredo Jaar’s ‘A Logo for America’s to Light Up Times Square
The politically charged installation will premiere Friday, August 1, and play every night throughout the month from 11:57 pm to midnight.

Stolen Cini Foundation “Rembrandt” Found after 35 Years
The stolen painting of Saint Luke the Evangelist signed “Rembrandt” was recovered following a joint effort by Venice cultural heritage police and French authorities.

Tracy Emin’s ‘My Bed’ Returns to the Tate on Long-Term Loan
The controversial installation will be displayed at the gallery for at least ten years.

Emily K. Rafferty, Met Museum President, To Retire
Rafferty announced on Tuesday that she was stepping down after nearly four decades at the institution.

Unsold Warhol Nickel Vanishes in Opaque Online Auction
After Paddle8’s “Currency” sale closed at 5 p.m. on July 24, the estimates and final bids vanished from the site.

The Race to Find New Art Collectors
Sotheby’s and Christie’s embark on a global quest to identify and recruit more first-time art buyers.

Katy Perry’s ‘This Is How We Do’ Video Is Pop Art & Vintage Fashion
The Pop star channels Piet Mondrian in her new music video.

Experimental Filmmaker and Video Artist Harun Farocki Dies at 70
Farocki passed away on Wednesday, July 30th at the age of 70.

Ancient Greek Wine Cup Belonging to Pericles Discovered
The cup was found in a gravesite during building construction in north Athens.