At the end of each week, Whitewall is here to sift through the news so you don't have to. After the jump, find out what's worth reading from this week's news.
1. The new head of LA MOCA talks about plans for November festivities to celebrate a “MOCA Renaissance” – a plan which if it goes ahead will mean the troubled museum has managed to extricate itself from current difficulties.
2. The New York Times has a story today about art’s down market – it’s not that people aren’t buying, it’s more that people aren’t selling.
3. Albion Gallery in London just announced that next month they will be shutting down their large new space on the River Thames.
4. The Whitney’s Claes Oldenburg and Coosje Van Bruggen new show recycles works already owned by the institution. Take note collectors: if you’re strapped for cash but want something new on your walls, a good, old-fashioned trip to the storage facility or re-hanging may do just the trick.
5. President Obama’s budget proposal gives the National Endowment for the Arts a 4% budget increase for the next year.
6. Sotheby’s credit ranking goes “junk” according to Bloomberg and Dow Jones.
7. The Dia Art Foundation names Yasmil Raymond as their new curator.
8. Nicola Vassell, a director at Deitch projects, shares her apartment layout in this week's New York Magazine. Her approach, is worth taking note of this year: “See what I really, truly needed, not buy for the sake of having.”
9. Jerry Saltz discusses reactions to animal cruelty in the work of artist Adel Abdessemed at David Zwirner Gallery in New York.
10. Artinfo breaks down this year’s spring auctions as compared to years past.
