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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.

Louvre Reveals Architects for $1 Billion Expansion

The Louvre has announced an international team of architects—New York's Selldorf Architects and Studios Architecture Paris—to lead its "Nouvelle Renaissance" expansion, a project estimated to cost over €1 billion ($1.2 billion). The plan, first announced by French President Emmanuel Macron in early 2025, includes a new entrance to accommodate three million additional visitors annually and a dedicated 33,000-square-foot exhibition space for Leonardo da Vinci's *Mona Lisa*. The museum's new director, Christophe Leribault, is moving forward with the project despite significant budget uncertainty, with cost estimates ranging from €270 million to €1.1 billion.

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*.

louvre indefinitely postpones announcing winning architect expansion project 1234772616

The Louvre has indefinitely postponed the competition to select an architect for its expansion project, Louvre—Nouvelle Renaissance, just days before the jury was set to vote on a winning proposal. Announced by French President Emmanuel Macron in January 2025, the $778 million plan aimed to ease overcrowding at the museum, which hosts 9 million visitors annually, by creating a new entrance, upgrading infrastructure, and controversially building a dedicated 33,000-square-foot gallery for the Mona Lisa. Five firms—Amanda Levete Architects, architecturestudio, Dubuisson Architecture, Sou Fujimoto, and STUDIOS Architecture—had been shortlisted. The postponement follows staff walkouts, a leaked memo detailing structural issues, and a high-profile theft.