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LACMA CEO and director Michael Govan. Photo by Stefanie Keenan/Getty Images for LACMA. 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 Tuesday, March 16. NEED-TO-READ A German Prince Wants His Family Treasures Back From Germany – Georg Friedrich Prinz von Preussen, a descendant of the Hohenzollern dynasty (which reigned over the former Prussian empire), is on a quest to recover his family’s art and artifacts. The bourgeois businessman believes that the royal treasures, confiscated in Eastern Germany after World War II and transferred to museum collections, are rightfully his but the courts could dismiss his claim if it is found that his great-grandfather was a supporter of the Nazi party. (

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