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Doris Salcedo is the first winner of what is now the world’s largest art prize, the Nomura Art Award, which comes with $1 million. [ARTnews]
Former ARTnews Top 200 collector Jho Low will reportedly give up around $1 billion in a settlement related to a lawsuit brought against him by the U.S. Department of Justice. [Bloomberg]
An Italian family sued Christie’s, alleging that the auction house is selling a diamond said to be worth $40 million despite accusations that the stone had been stolen. [The New York Times]
As promised, the curators of the newly reopened Museum of Modern Art are already thinking about what works will appear in the next rehang. Among the offerings set to come: a full gallery devoted to Gordon Parks. [The Art Newspaper]
The Andy Warhol Museum has made a big discovery: a cassette on which Lou Reed sings unheard songs with lyrics inspired by the artist’s 1975 book The Philosophy of Andy Warhol: From A to B and Back Again. [The New York Times]
The Cooper Hewitt, Smithsonian Design Museum in New York has named Jon C. Iwata the new chair of its board. [Artforum]
“Is the Paris art world dead?” According to writer Will Mountain Cox, the city is constantly dealing with the weight of history. [The Daily Beast]
With the Grand Palais, one of Paris’s biggest art spaces, set to close for three years as part of a renovation, officials will build a temporary venue near the Eiffel Tower. [The Art Newspaper]
A Collaboration in L.A.
The Los Angeles County Museum of Art, the Yuz Museum in Shanghai, and the Qatar Museums have revealed plans to share a series of shows, including exhibitions of Yoshitomo Nara and Zhang Daqian. [The Art Newspaper]
Here’s a look inside the Nara show, which opens in L.A. next spring. [ARTnews]
“Why Boston needs a major public art work by native son Frank Stella.” [The Boston Globe]