The Weekly Roundup: Jasper Johns’ Assistant Pleads Guilty to Art Theft, Sotheby’s Bets Big on Market Boom, and More

flag

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

Former Assistant to Jasper Johns Pleads Guilty in Thefts of Artworks
The artist’s former studio assistant pleaded guilty in Federal District Court on Wednesday to a charge of unlawfully transporting artworks stolen from his employer.

Sotheby’s Bets Big on Market Boom
Financial filings show that the auction house is increasing its borrowing from corporate lenders in order to extend more guarantees with potential consigners.

Super price of $3.2 million for first Superman comic book “Action Comics No.1”
A near-flawless edition of the first book featuring cartoon hero Superman from June 1938 has fetched $3.2 million at auction, according to e-Bay, surging past the previous record for a single comic book.

Im Kinsky Alum Opens New Auction House
Three years after stepping down as co-founder and managing director of Vienna’s im Kinsky auction house, Otto Hans Ressler announced the opening of a new house, Ressler Kunst Auktionen GmbH.

The Water Tank Project Transforms the New York City Skyline Through Art
The Project has officially launched–the first five water tanks wrapped in artwork are now gracing the downtown skyline of Manhattan.

Spiralling Tensions at Frank Lloyd Wright Architecture School
The architecture school run by the Frank Lloyd Wright Foundation criticized a decision by the foundation’s board that will result in the school losing its accreditation.

€160 Million Essl Collection Will Be Liquidated
A majority of the 7,000-work-strong collection will be sold of in London this October.

Andre Serrano’s “Piss Christ” stokes controversy once again
Catholic protestors in Corsica have demanded the removal of the work from a museum exhibition.