What’s in the news…

Despite investigations into art collector Steven A. Cohen’s hedge fund, MoMA still plans to accept the billionaire’s generous gift. The donation will include works by Martin Kippenberger, Ed Ruscha, and Cy Twombly. According to Art Fag City, this is not the first time a museum has to deal with a “troubled donation” and that if Cohen is convicted, the “tax-deductible donation might reflect poorly on the museum.” [Art Fag City]

Shift, 1972 sculpture by Richard Serra will be saved and designated as a site of “cultural heritage value” in King Township, Ontario, just 30 miles north of Toronto. Now the discussion will likely be over “how to achieve some form of public access” since the installation currently rests on a private property and is only accessible with permission from the owner. [The Globe and Mail]

The anonymous Brooklyn–based art collective known as the Bruce High Quality Foundation will be the focus of a summer retrospective at the Brooklyn Museum. The exhibition titled “The Bruce High Quality Foundation: Ode to Joy, 2001-2013″ is scheduled to run from June 28 to September 22 and will include “less than 17,000 works.” [ARTINFO | Gallerist NY ]

The five cut canvases containing portions of Francis Bacon’s Screaming Popes series will be up for auction at Ewbank’s on March 20th and is expected to fetch up to £100,000. The Bacon paintings were discovered in the back of amateur artist Lewis Todd’s portraits and landscapes and have been authenticated by the Francis Bacon Authentication Committee. While the discovery is incredible and marks an important moment in history, “it was no secret that Lewis Todd once used discarded canvases from Francis Bacon’s studio, it was even mentioned in Todd’s obituaries.” [Phaidon | Ewbank Auctions]

Left: Portions of Francis Bacon paintings. Right: Paintings by Lewis Todd. Image via Phaidon and Ewbanks.