Metropolitan Museum of Art Unveils New Plaza, Picasso Painting Removed from The Four Seasons Restaurant, and More


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

Met Museum Unveils David Koch $65 Million Plaza
The outdoor space in front of the Metropolitan Museum of Art was christened the David Koch Plaza after the billionaire, who funded the renovation of the four-block area on Fifth Avenue

Relative’s fight over Vivian Maier’s rare photos
One of the 20th century’s greatest collections of street photography could be tied up in litigation for years after a previously unknown heir came forward to claim rights to her multi-million dollar legacy of more than 100,000 images.

Giant Picasso Leaves the Seagram Building
Following a bitter dispute between the painting’s owner, the New York Landmarks Conservancy and collector and building owner Aby Rosen, Picasso’s massive canvas Le Tricorne exited the Seagram Building early on the morning of September 7th after a painstaking and delicate de-installation process that took all night.

The Smithsonian Works to Digitize Millions of Documents
In an effort to turn the reams of archival material at Washington’s Smithsonian into digitally searchable files, the museum has created a new Transcription Center that allows any interested person to sift through scanned, hand written documents and submit their own transcriptions alike.

Turner’s Rome masterpiece to go on sale at Sotheby’s
Last seen on the market in 1878, Turner’s Rome, from Mount Aventine, is to go on sale for only the second time in its history.

Larry Gagosian and Masa Takayama Open Kappo Masa
The world’s most powerful gallerist joins the world’s top sushi chef to launch Kappo Masa, a new sushi restaurant opening this month in a subterranean chamber one floor below Gagosian’s Madison Avenue location.

Sotheby’s believes video will help win over younger customers
The auction house produced 300 videos last year to attract digitally-savvy younger buyers.

Collection of Paintings Stolen from Austrian Villa
A total of 71 paintings by renowned Austrian artists such as Oskar Kokoschka, Emil Beischl├Ąger and Alfons Walde were stolen from a private villa in Vienna.

Bloomberg Philanthropies Funds Museum Technology
The former New York City mayor is expanding his philanthropic organization’s grant program to include an additional $17 million for digital advancements at cultural institutions across the globe.

Judge’s Surprise Decision Lets Rothko Flipper Off the Hook
In a surprising reversal, a Dallas judge has dismissed collector Marguerite Hoffman’s lawsuit for breach of contract against financial mogul David Martinez and a defunct New York gallery L&M arts, in a case that involves a spectacular flip of a multi-million dollar Mark Rothko.