Weekly Roundup: Guggenheim, Giacometti, and More

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In case you missed it, here’s what made headlines in the art world this week:

Giacometti sculpture could sell for $100 million at Sotheby’s
In what is shaping up to be another blockbuster auction season, Sotheby’s has revealed that it will offer a rare Alberto Giacometti sculpture, estimated at more than $100 million. The piece, entitled Chariot, was cast in 1951-1951 and has spent four decades in the same private collection. It will lead Sotheby’s Impressionist and modern art sale on November 4th. [Bloomberg]

Is that a Velázquez in the basement?
For more than a century, The Education of the Virgin was believed to be the work of an unknown 17th century Spanish artist and was kept in storage at Yale University. But in 2004, the painting was examined by a young curator, John Marciari, who attributed it to Velázquez. He published his findings in 2010 and scholars have argued about the attribution ever since. Now the specialists will battle it out at a symposium in Seville, sponsored by the Spanish bank Santander, which has paid for the work to be restored. [The Art Newspaper]

Master forger’s “Mona Lisa” on display at Soho coffee shop
A Soho coffee shop is now exhibiting one of the world’s greatest portraits, as imagined by Mark Landis, perhaps the most skilled art forger in recent history. Landis, who is profiled in the new documentary Art and Craft managed to scam dozens of museums into believing that his forgeries–from Picasso to Walt Disney–were real. His interpretation of the a “Mona Lisa” which is now hangs on the wall of Think Coffee in Soho, was completed in a mere 90 minutes. The “masterpiece” can be yours for a mere $25,000. [Gothamist]

Guggenheim Museum plans New York expansion
The Solomon R. Guggenheim Museum is planning a new space in New York to house its collection and staff called the Collection Center. The expansion plan comes just 60 years after the museum commissioned Frank Lloyd Wright to design its original space and more than a decade after it abandoned a scheme for a second Frank Gehry-designed museum downtown. [The Art Newspaper]

Scientist reveals secrets behind Leonardo Da Vinci Masterpiece
French scientist Pascal Cotte revealed a major new discovery about one of Leonardo da Vinci’s most famous paintings, the Lady with an Ermine (1489-90). Until now, it had been assumed that the 500 year-old masterpiece had always included the ceremonial animal, but Cotte’s three year-long investigation has revealed that the Italian artist actually painted one portrait without the ermine and two with alternative versions of the fur. [Guardian]

‘Sopranos’ star discovers artwork worth millions
Sopranos star Federico Castelluccio has discovered a lost 17th-century painting by the artist Guernico that’s worth millions. After winning the work at auction, the actor had it authenticated by experts, who concluded the piece was a Guernico,by using “infrared reflectography,” X-rays and chemical testing of the pigment. [New York Post]

Image: Leonardo da Vinci, Mona Lisa, (1503-1506).