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Art Industry News: The New York Times Calls Artnet’s Wet Paint the ‘Essential’ Chronicle of NYC’s Downtown Art Scene + Other Stories Plus, Sotheby s will sell off Karl Lagerfeld s collection and the Cy Twombly Foundation sues the Louvre over a renovated gallery. The Wet Paint hat. Photo courtesy Nate Freeman. Art Industry News is a daily digest of the most consequential developments coming out of the art world and art market. Here’s what you need to know on this Monday, March 8. NEED-TO-READ Twombly Foundation Sues the Louvre – Tensions between the Cy Twombly Foundation and the Louvre have erupted into a lawsuit. The foundation filed suit in a Paris court on Friday demanding the Louvre reverse a renovation it began during lockdown of a gallery that houses a monumental blue ceiling mural designed by Twombly in 2010. “It’s offensive,” said David Baum, the foundation’s lawyer. “For this to come via text message with a picture where everything is done. We hit

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