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Apr. 27, 2011

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* A 1935 Picasso watercolor of Marie-Thérèse Walter hits the block in London this June, with a presale estimate of more than £9 million-- with the proceeds earmarked for obesity research at the University of Sydney, reports the Guardian.

* Archeologists have unearthed a 13-meter tall statue of Egyptian pharaoh Amenhotep III -- one of the largest to date -- at a site in Luxor, according to The Daily Star.

* London's National Gallery may open a new outpost in a castle in Durham County, featuring works Titian, Turner and Tintoretto, in hopes of making the castle a regional tourist destination, reports the Independent.

* Caravaggio is coming to Kentucky. Next month, the artist's notorious The Fortune Teller goes on view at the Speed Art Museum in Louisville, on loan from the Capitoline Museums in Rome, reports Art Daily.

* The landlord locked out the employees of Louse Blouin Media, which publishes Artinfo and Art & Auction, in a one-day dispute over back rent and other issues, according to a story in today's WWD.

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