— DIA Gets New Appraisal: The Detroit Institute of Arts collection reappraisal ordered by the city has valued the work at $2.7 billion to $4.6 billion — with a catch. In its report, appraiser Artvest Partners warned that lawsuits, a flooding of the market, and unpopular styles would likely cause the work to bring a sum as small as $850 million at auction. “A significant segment of D.I.A.’s collection is in areas that have fallen out of favor with collectors, and that are underperforming their market peaks in 2007,” reads the firm’s report. [NYT]
—Marina Abramovic Makes Adidas Ad: Marina Abramovic has jumped the shark — while wearing a pair of Adidas sneakers. The “grandmother of performance art” struck up a corporate partnership with the sportswear company to film a commercial for the 2014 FIFA World Cup in Brazil. The commercial, which has sparked online debate, recreates her 1978 performance “Work Relation” and features men and women wearing Adidas and hauling large rocks across the Brooklyn art space Pioneer Works. [GalleristNY]
— Yorkshire Sculpture Park Wins Top Prize: The Art Fund has named Yorkshire Sculpture Park as museum of the year, an honor that comes with a £100,000 prize. Stephen Deuchar, the Art Fund’s director and chair of judges, said in a statement that the YSP was “a perfect fusion of art and landscape” and emphasized its growth “from modest beginning to one of the finest outdoor museums one might ever imagine.” The YSP was part of a shortlist of institutions that include the Tate Britain, the Hayward Gallery, the Mary Rose Museum, the Sainsbury Centre for Visual Arts, and the Ditchling Museum of Art + Craft. [Guardian]
— LACMA Dreams Big: LACMA is in talks with the city to add a skyscraper to its expansion. [LAT]
— Pubic Painting Back on View: After a portrait featuring female pubic hair was removed from London’s Mall Galleries last week, an uproar about censorship has prompted the Leyden Gallery to hang the piece. [Art Daily]
— Caravaggio Finds Final Resting Place: Caravaggio’s remains, which were discovered in an Italian church in 2010, will be moved to a special Tuscan memorial park that is set to open July 18. [TAN]
— The Obelisk that stands on Greywacke Knoll behind the Metropolitan Museum of Art is being cleaned with lasers, thanks to the Central Park Conservancy. [NYT]
— Yilmaz Dziewior has been named the new director of the Museum Ludwig in Cologne. [AiA]
— Christopher Y. Lew, formerly MoMA PS1’s assistant curator, has been appointed associate curator at the Whitney Museum. [GalleristNY]
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