DETROIT - A Detroit-area entrepreneur has offered to donate $5 million to help protect the collection of the Detroit Institute of Arts from being sold or otherwise monetized as part of Detroit's bankruptcy, the Detroit Free Press reported on Friday.
- A Banksy mural that was removed from a Hollywood gas station wall fetched $209,000 at the first U.S. auction of the reclusive British street artist's work, an auction official said on Friday.
NEW DELHI - Christie's will hold its debut art auction in India later this month, hot on the heels of its first major sale in China, as it seeks to tap into Asian buyers' growing importance in the global art marketplace.
DETROIT - The auction house Christie's put a price tag on one of Detroit's highest-profile assets - the city's share of the Detroit Institute of Arts collection - but the masterworks might not be worth enough to help the city out of its financial crisis.
NEW YORK - Norman Rockwell's "Saying Grace" sold on Wednesday for more than $46 million, double its high pre-sale estimate, setting a new auction record for an American painting, Sotheby's said.
CAIRO - Prominent Egyptian poet Ahmed Fouad Negm, renowned for his witty criticism of authorities in Egypt, passed away on Tuesday at age 84, state media reported.
TOKYO - With his face hidden behind sunglasses and a white surgical mask, the artist is almost as invisible as the radioactive contamination he is protesting against - yet his stickers are graphic reminders of the Fukushima nuclear disaster. | Video
MIAMI - A gleaming addition to Miami's waterfront will greet the art world elite as they jet into town this week for the 12th edition of Art Basel Miami Beach: a $131 million art museum the city hopes will anchor its burgeoning cultural scene.
LONDONDERRY - French-born film installation artist Laure Prouvost won Britain's prestigious Turner Prize on Monday for a short film clip that in part tells the story of a fictional grandfather digging a hole to Africa and disappearing down it.
BEIJING - A work by modern painter Zao Wou-ki sold for 76 million yuan ($12.47 million) on Sunday at Sotheby's first major auction in China, breaking the record for the artist's work set earlier this year in Hong Kong.
NEW YORK - In a career spanning almost 50 years, Thomas Keneally has written about war from unique angles. Perhaps most memorably in "Schindler's List," his Booker Prize-winning story about a German businessman's effort to save Jews from Nazis.