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paint drippings art industry news jun 30 2662140

Sotheby's London modern and contemporary evening sale brought in $85.7 million, down from $105 million last year, with highlights including a $10 million Tamara de Lempicka and a record $9.6 million auction result for Jenny Saville's drawing 'Mirror'. In other market news, a crowdfunding campaign raised over £100,000 to help Bristol Museum acquire a rediscovered J.M.W. Turner painting, and a Tiffany Studio window sold for $4.2 million at Christie's. Galleries announced new representation deals: James Cohan now represents Ranti Bam, Maruani Mercier represents Kate Gottgens, and Yancey Richardson represents Karen Gunderson; Ronchini gallery is moving to a new Mayfair location. Tate launched a £150 million endowment fund, the Louvre announced an international architectural competition to address overcrowding, the Uffizi imposed selfie restrictions after a tourist damaged a painting, the Cleveland Museum of Art acquired a rare Giambologna marble, and Italy's culture minister pledged support for the return of the Parthenon Marbles to Greece.

art market minute jun 30 2662201

London's summer sales season opened with subdued results, totaling just $134.2 million across Christie's, Sotheby's, and Phillips—a 78% drop from the equivalent sales in 2015. A standout lot was Jenny Saville's painting *Mirror* (2011–12), which sold for £2.1 million at Sotheby's on June 24. Meanwhile, a group of art-world power players have launched a new advisory firm called New Perspectives Art Partners, and France has announced a $316 million international architectural competition to expand the Louvre and address chronic overcrowding.

louvre launches design contest for 400 million expansion including a new room for mona lisa 2662261

The Louvre Museum in Paris has announced an architectural competition for a €400 million ($417 million) expansion, which includes a dedicated underground gallery for Leonardo da Vinci's *Mona Lisa* and a new entrance on the eastern facade near the Seine River. The project, dubbed a "New Renaissance" for the Louvre, follows a staff strike over overcrowding and an internal memo from director Laurence des Cars citing crumbling infrastructure. A 21-person international jury will select the winning design in October, with the aim of easing congestion at I.M. Pei's iconic glass pyramid entrance and providing a separate timed-entry space for the *Mona Lisa*.

Architectural Competition for Louvre ‘New Renaissance’ Project Reportedly Set to Relaunch in May

The international architectural competition for the Louvre Museum's $778 million 'New Renaissance' renovation project is set to relaunch in mid-May, according to a report in Le Figaro. The jury will convene on May 13 to assess proposals from five shortlisted firms, ending a period of uncertainty and delays caused by staff unrest, leadership upheaval following a major jewel theft, and the French municipal elections. The project, championed by President Emmanuel Macron, aims to modernize the museum and reduce overcrowding.

London’s National Gallery receives record-breaking donations for new wing—and will start collecting contemporary art

London's National Gallery has announced plans for a major new extension, costing around £400 million, with £375 million already raised in record-breaking donations. Two anonymous pledges of £150 million each, from Michael Moritz's Crankstart foundation and the Julia Rausing Trust, are described by director Gabriele Finaldi as the largest-ever known cash donations to any cultural institution globally. The new wing, to be built on the site of St Vincent House, will open in the early 2030s following an international architectural competition launching on 12 September. The gallery also revealed it will begin collecting 20th-century and contemporary art, expanding its traditional cutoff of around 1900, in collaboration with Tate.