Art World Headlines (8/1-8/8)

Edward Hopper's "Nighthawks"

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

“Art Everywhere” Launches in Times Square
A collaboration between five major museums and the Outdoor Advertising Association of America, the program will display a total of 58 specifically chosen images in nearly 50,000 commercial locations nationwide.

Judge Awards Robert Rauschenberg Trustees $24.5
Florida judge grants Robert Rauschenberg’s accountant and two other longtime associates $24.6 million in fees for overseeing the artist’s estate.

The 10 Highest Prices Paid for Art at Auction in July
The list is a healthy mix of contemporary works like Peter Doig’s Gasthof, alongside Andy Warhol’s Self-Portrait (Fright Wig), and Johannes Vermeer’s Saint Praxedis.

Museum of Fine Arts Boston expands loans of well-known works of art
Renowned Museum rents out some of its biggest masterpieces in exchange for cash.

4chan screenshot sells for $90K on eBay
A screenshot of a 4chan post pondering the nature of art has raked in $90,900 in an eBay auction.

Artspace in Acquisition Talks with Auctionata
Artspace, one of the more prominent art startups, is currently in acquistion talks with the Berlin-based online auction platform Auctionata.

Isaak Levitan Paintings Stolen from Regional Museum
Five paintings by the 19th century Russian Jewish landscape painter have been stolen from the Levitan House Museum.

Cai Guo-Qiang Turns Tortoises into Art, Raising Animal-Rights Concerns
Protests surround the artist’s exhibition at the Aspen Museum of Art.

Judge Hears Arguments on Corcoran Gallery Merger
After years of financial and management trouble, the fate of one of the nation’s oldest museums is now in the hands of a judge.

French Company Artprice Reports: Global Art Market in Rude Health
The market rose in value by 17% to a record $7 billion in the first half of 2014.

Delaware Museum Under Fire for Selling Its ArtDespite censure from the art community, the museum plans to divest more works including Alexander Calder’s mobile The Black Cresecent and Winslow Homer’s Milking Time.

Toyota donating $1M to save Detroit’s art museum
The car manufacturer is contributing to the Detroit Institute of Arts’ commitment to raise $100 million.

Sotheby’s profits slide despite rising art sales
The New York-based auction house attributed a 15% slide in profit to increased expenses and a higher tax rate.