COURTESY PHILLIPS
Money
Remember names like Hugh Scott-Douglas and Lucien Smith? Speculators certainly do. They bought work by young abstract painters like Scott-Douglas and Smith at a high price point and are reselling it now at a loss. [Bloomberg]
In a former office space on Rector Street in Manhattan, Michael Mandiberg is showing new work about the logos of closed banks and financial corporations. [The New Yorker]
Museums
Manuel Rabaté will be the director of the Louvre Abu Dhabi, which will open next year. Hissa Al Dhaheri will be its deputy director. [The Art Newspaper]
Here’s a look at the Wisconsin Triennial, which includes just 14 artists and is currently on view at the Madison Museum of Contemporary Art. [Madison.com]
A 2011 Banksy mural, titled Love Plane, has been removed from a parking lot in Liverpool, England, to be taken to a street art museum. [BBC News]
Las Vegas may finally get an art museum, now that the city has set aside 1.5 acres and $2 million for one. [Las Vegas Review-Journal]
Parties
Linda Yablonsky covers the opening of Kai Althoff’s MoMA show and Joan Jonas’s 80th birthday party. According to Ann Temkin, MoMA’s chief curator of painting and sculpture, one guard told her the Althoff retrospective made her think of a casket. [Artforum]
Extras
New research confirms Immanuel Kant’s theory that being told something is a work of art makes viewers respect it as if it is. [The Daily Mail]
Whoopi Goldberg wore a Vetements hoodie on The View yesterday morning. [Paper]