News Recap: November 6, 2015

A weekly recap of art world news.

Porträt enier Dame  by Gustav Klimt via  Wikimedia Commons

Porträt enier Dame by Gustav Klimt via Wikimedia Commons

Retired Art Thief Demands Ransom for Stolen Kilmt Painting
Identifying himself as a retired art their, an unknown Italian man has contacted local police in Piacenza to demand $163,000 in exchange for the Gustav Klimt’s “Portrait of a Woman,” which was stolen in 1997. The painting was made between 1916 and 1918, and is considered unsellable due to its recognizability. While the military police have declined to pay the ransom, willingness to raise the funds has been expressed by the city’s art institutions and associations.
Read the full story (Art Net News)

Rupert Murdoch’s Purchase of National Geographic Leads to Layoffs
Following the sale of National Geographic magazine to media mogul Rupert Murdoch’s company 20th Century Fox, 180 of the magazine’s 2,000 employees were laid off. This figure works out to roughly 9% of the company’s workforce. Additional buyout offers have been made to other employees as well. Photographers and photo editors who have been with the magazine for decades are included among the lay offs.
Read the full story (Washington Post)

Whitney Biennial Selects Young Curators for a “Fresh” Approach
In an effort to take a “fresh” approach to the Whitney Museum of American Art’s 2017 biennial, the museum has announced Christopher Y. Lew and Mia Locks, ages 34 and 32 respectively, as co-curators. Until recently, Locks served as assistant curator at MoMA PS1, while Lew is currently an in-house curator at the Whitney.
Read the full story (The Whitney)