Today in the Art World...

From Carol Vogel's weekly column in the New York Times: This year, The Art Show, the annual fair put on by the Art Dealers Association of America to benefit the Henry Street Settlement, will feature three "site-specific projects" in addition to the wares brought by galleries. The rush for consignments to headline the May contemporary auctions in New York has begun: Christie's has bagged a red and yellow painting by perennial favorite Mark Rothko that is expected to fetch somewhere in the neighborhood of $50 million.

"Rent jitters" in Chelsea.

Uli Sigg, Julia Stoschek, Amir Shariat, Joseph van der Grinten, and Francesca von Habsburg tell the Wall Street Journal why they collect art.

Jerry Saltz weighs in on Montebello's departure from the Met.

The sentences (via) of two of the men who stole Edvard Munch's The Scream and Madonna from Oslo's Munch Museum in 2004 have been increased.