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World Institute
  • Zao Wou-Ki provided the top lots in the Hong Kong sales: During Christie’s two Asian and Western contemporary sales – which totaled $133.2m – a 1959 work made $22.6m, the third highest price for the artist, while at Philipps a two and a half meter high painting from 1979 made $8.9m.
  • The French Culture Minister Françoise Nyssen told Le Figaro that Jeff Koons’ controversial Tulips sculpture will not be installed at the Place de Tokyo square in front of the Eiffel Tower, as the artist had initially proposed, instead exploring options for an alternative location.
  • US Federal investigators have halted an inquiry into fraud allegations brought by Russian oligarch Dmitry Rybolovlev against the Swiss dealer Yves Bouvier, after one of the disputed works, Leonardo Da Vinci’s Salvator Mundi, sold for $450.3m sale at Christie’s New York last November, thus undermining Rybolovlev’s claims of fraud.
  • French artist Philippe Pasqua opened an exhibition in the Château de Chamarande in the outskirts of Paris, including the monumental Shark sculpture previously exhibited in Monaco’s oceanographic museum in 2017.
  • A Van Gogh painting described as a “masterpiece” sold for €6m without fees at Artcurial’s June 4th contemporary sale.
  • Paris’s Musée d’Art Moderne opens”Zao Wou-Ki: l’Espace est Silence”, the largest Paris exhibition since 2003 of the artist, lasting from June 1 until January 9th 2019.
  • The Fondation Cartier has extended its current exhibition of Junya Ishigami, Freeing Architecture, to September 9, 2018.
  • Laurent and Olivier Kraemer, of Paris’s Kraemer Gallery, are among a group of six dealers and artisans charged with organized fraud and money laundering in a French court. The indictments were announced in January but only recently reported.
  • Rapper and producer Sean “Puff Daddy” Combs was revealed as the buyer of Kerry James Marshall’s painting Past Times (1997), sold for $21.1 million at Sotheby’s Contemporary Art Evening Auction.
  • The French ministry of culture has announced that the Turner Prize-winning artist Laure Prouvost will represent France in the 2019 Venice Biennale.
  • Canadian art center Arsenal Contemporary, based in Montreal and with an outpost in New York, indicated in its social media a space opening in Montreuil in the outskirts of Paris.
  • The German Culture Minister has announced a significant boost for annual national arts funding of $356 million, a 23% increase if passed by parliament.
  • Nicolas Chow, Sotheby’s new Asia chief, announces plans to broaden Chinese collectors’ interests into contemporary Asian, African, and Western art.
  • The third edition of Art Stage Jakarta, which was set to take place September 7–9 at the Sheraton Grand Jakarta Gandaria City Hotel, has been cancelled, citing additional customs constraints caused by the 2018 Asian Games.

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