Knoedler Settles Rothko Suit, Artist Searches for Ruscha’s Fake Rock—and More

The exterior of the Knoedler & Company art gallery is shown in New York, U.S., on Jan. 8, 2010. The gallery's property, a landmark 1909 towntown, has been listed for sale with Sotheby's Realty for $59.5 million. Photographer: Paul Goguen/Bloomberg via Getty Images

The exterior of the Knoedler & Company art gallery. (Photo: Paul Goguen/Bloomberg via Getty Images) (Photo: Paul Goguen/Bloomberg via Getty Images)

Knoedler Gallery director Ann Freedman settled a federal lawsuit with two collectors over the sale of a fake Rothko painting for $8.3 million. While the suit will be dismissed in court on Monday, the high profile case against Knoedler will continue with four separate lawsuits by collectors still pending.

French artist and filmmaker Pierre Bismuth is making a film about finding Ed Ruscha’s mythic fake rock sculpture, Rocky II, in the middle of the Mojave desert. The film is nearly done, but Mr. Bismuth and his producer have launched a crowdfunding campaign in the form of a treasure hunt to finance the last 10 percent.

In Tokyo, the world’s biggest starchitects—Renzo Piano, Rem Koolhaas and Tadao Ando, to name a few—are designing buildings, but all of them are high-end boutique stores, such as Prada and Cartier. While the retail goods might be too pricey for the average consumer, visiting the buildings is always free.

Argentina and Spain are returning 567 cultural objects to Ecuador, including colonial-era artworks and artifacts from the country’s indigenous cultures.

Maya Widmaier-Picasso, daughter of Pablo Picasso and Marie-Thérèse Walter, is denying that she sold a bust of her mother’s likeness by the famous artist twice. Picasso’s Bust of a Woman is currently being battled over by dealer Larry Gagosian and the Royal Family of Qatar, both of whom seem to have entered into a contract to buy the work from Ms. Widmaier-Picasso between 2014 and 2015.

Convicted art forger Rizvan Rahman served five months in jail for selling fake paintings, but now he’s back in the studio, this time making work for himself that he’s showing in a solo exhibition.

Knoedler Settles Rothko Suit, Artist Searches for Ruscha’s Fake Rock—and More