– Banksy Mocks Elizabeth's Diamond Jubilee: A brand new mural/intervention that appeared this weekend in London, most likely by the evasive British street art star Banksy, seems to satirize both the upcoming celebrations of Elizabeth II's 60 years on the throne and the Olympic Games, at least in terms of all the flag-waving patriotism that they are likely to inspire. It features a young boy kneeling at a sewing machine with a garland of miniature Union Jack flags passing through it; the apparent commentary on child labor might explain the mural's location, on the side of a store that launched an inquiry in 2010 into sweatshop labor employed by one of its suppliers. [Telegraph]

– Sotheby's Heads to Brazil: The auction house is now doing art fairs. Its private sales gallery, S2, will participate in Brazil's Art Rio, September 12-16. According to the house, the move is part of its larger plans to conquer Brazil, where it opened an office last year. [ATE] 

– Kevin Costner Wins Battle Against Sculptor: The artist who was commissioned by Kevin Costner to create a large-scale sculpture of buffalo and Native Americans for a resort development has lost her South Dakota Supreme Court case against the "Dances With Wolves" actor. The artist sued after Costner placed her sculptures in a cultural center he built instead of the resort, demanding that he sell the monumental, multi-million-dollar works. [Courthouse News Service]

– French Museum Looks to Graphic Novelist as Authority on Algerian Colonization: The National Army Museum will stage France's first-ever exhibition devoted to its 132-year occupation of Algeria. Anticipating potential protests and anger over the still-sensitive subject, curators consulted an unconventional historian: graphic novelist Jacques Ferrandez. "The Army Museum isn't seeking reconciliation," said museum official Christian Baptiste, "but we must present this story without concealing anything." [Le Figaro]

– Earliest Cave Paintings Portray Lady Parts: Cavemen weren't only interested in drawing horses. A series of drawings dating back 37,000 years recently discovered on the collapsed roof of a cave in southwestern France feature graphic imagery of female genitals. "You see this again and again and again," said New York University anthropologist Randall White of our ancestors' adult drawings. "There may be a relationship between the art on the ceiling and their lives." [NYT]

– Tunick in Munich: "Mass-nude" photographer Spencer Tunick — famous for getting huge mobs of people to disrobe all over the world — will stage his biggest spectacle yet this summer in Munich. In a nod to Richard Wagner's Ring cycle, the Bavarian State Opera has invited the artist to photograph more than 1,000 Bavarians in a ring-shaped configuration around its national theater. [RT] 

– Kuala Lumpur Gallerist Launches Eco-Residency: Shalina Ganendra, owner of an eponymous gallery in Kuala Lumpur since 1998, has built a new outpost in a suburb of the mega-city. The new building, designed for maximum energy efficiency, includes both an enormous gallery space and living quarters for resident artists. [WSJ]

– Jaguar's a Drag: A hip British artist collective visited by the likes of Natalie Portman and Beyonce is locked in a legal battle over its name with automaker Jaguar (the second story about a car company hastling an artist we've come across in the last 24 hours!) The collective known as Jaguar Shoes is now soliciting signatures for a petition stating that patrons do not confuse the rootsy collective "Jaguar Shoes" with the glamorous Jaguar Land Rover company. [MSNBC] 

– A Report on the Morans' Rocking Whitney Residency: Musicians Alicia Hall Moran and Jason Moran unleashed a genre-bending, five-day residency at the Whitney Museum as part of the Whitney Biennial's beefed-up performance program. Among the highlights was Alicia Hall's rendition of Beyonce's "Run the World (Girls)" with Japanese taiko drummers and a multimedia performance featuring Karaoke Walkrrr, the stage persona of artist Kara Walker. [NYT] 

– Art Fund Prize Names Shortlist: The finalists for the £100,000 Art Fund museum prize, the art world's richest single prize, have been announced. The Royal Albert Memorial, the Scottish National Portrait Gallery, the Watts Gallery, and the new Hepworth Gallery, which houses a large permanent collection of Barbara Hepworth sculptures, will all vie for the prize, to be awarded on June 19. [Guardian]

VIDEO OF THE DAY

Tomas Saraceno's "Cloud City" opens on the roof of the Metropolitan Museum today. Check it out:

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