DAILY SKETCH: Murakami's Inflation | Picasso Storms Hong Kong | The Old is New Again

Art Inflation: Macy’s Murakamis (NY Times)
"It is not uncommon for people to react with awe to their first up-close encounter with a balloon from the Macy’s Thanksgiving Day Parade. But when Takashi Murakami saw his contributions to Thursday’s event, he bowed. Twice."

Picasso Storms Hong Kong as Asian Buyers Seek Western Art Icons (Bloomberg)
"Pablo Picasso said art should never be exposed to those who aren’t sufficiently prepared for it. Three sales in Hong Kong this week will show whether Asia is sufficiently prepared for Picasso."

The Old Is New Again (NYMag)
"Abstract Expressionist New York: The Big Picture,” which is currently occupying MoMA’s fourth floor, is composed entirely of art drawn from the museum’s colossal permanent collection (much of which lives in storage in Queens and other locations the rest of the time). It’s a don’t-miss show that doesn’t, admittedly, tell any new stories but that is a profound reminder of a revolutionary vitality."