Artist Clare Strand has created videos in which a certain act is repeated infinitely on video. Sleight of hand? Video trickery? It doesn't matter, it makes for entrancing video.

I know, I know. GOD, Julia Allison, when will you stop posting about her, she totally sucks, etc, etc. Well, stuff this in your empty comment box and smoke it: Julia Allison, doing performance art, about art. I'm serious.

Art Nerds with Computers fight. About what? The Whitney Museum's new website either sucks or really sucks, says New Museum's web designer. Also, the New York Public Library lion looks like the MGM Grand lion. And sucks. Me-yow. [AFC]

Artist Sam Bassett wanted to attract some attention. So he headed over to Sotheby's on Tuesday to show off his work, the day when the auction house was holding one of its biggest sales of the year and many of the world's most important collectors would be on hand. The only glitch: Bassett's medium is "tape sculpture," and it involves him stringing up colored masking tape across buildings, lamp posts and streets. It wasn't long before he was carted off to jail. But he did leave with a few new fans. "The cops liked the concept, one cop called me the new Cristo," he says. [NYP]

As if Peter Brant didn't have enough to worry about now that he's in the middle of a messy divorce from Stephanie Seymour, a silk-screen painting by Andy Warhol which Brant put up for auction at Christie's on Tuesday night—and was estimated to be worth $6-8 million—found no takers. [NYT]

The mysterious Purple magazine founding Frenchman will be bring his unique blend of naked ladies, naked ladies, naked ladies, famous people and black-and-white pictures to a gallery in December, reports Blackbook. It's not tits - it's ART.

How are some reacting to last night's sole Republican yea vote? Like this.

Conde Nast overseer Si Newhouse desperately put his Alberto Giacometti sculpture, "L'Homme Qui Chavire"—for which he'd paid $20 million— up for auction at Sotheby's yesterday. He was expected to lose $10 million on the sale. He got lucky.

It looked like Condé Nast boss Si Newhouse was going to lose big when he put a prized sculpture up for auction at Sotheby's last night. But he ended up doing fine! Or close to it, least. Instead of losing as much as $10 or $12 million on the sale, he only came up $2.8 million short in the end:

The Way We Live Now: Bubblicious. The Great American Real Estate Bubble is so one bubble ago. People are already gulping in fear for the new bubble. Will it be stocks? Asian currencies? Failed laundromats? Boutique hotels? Golden pennies? Sure!

Conde Nast potentate Si Newhouse is prepared to take a $10 million loss just to sell off some art and raise some cash. That can't be good.

It's been a brutal few weeks at Condé Nast as the magazine giant has shut down four magazines and slashed hundreds of jobs. The pain, however, isn't limited to the rank and file. A prized piece of art from the collection of Condé Nast chairman Si Newhouse goes up for auction tomorrow at Sotheby's and despite the fact he stands to lose much as $10 million by selling now at the market abyss, Newhouse has opted to try and unload the piece anyway. Desperate times call for desperate measures, it seems.

The new head of the National Endowment for the Arts says that he'd like to explore government funding for hip hop culture, including rap and graffiti. Whoa, whoa. Does he know about the hoes?

Autistic artist Steven Wiltshire can draw precise, detailed cityscapes after a single viewing of a city. He is incredible. He's currently drawing the New York skyline. You can watch him live. Click through to see a bit of Wiltshire's Tokyo.

Korean artist Soomi Park made these LED eyelashes to "speak to many Asian women's desire for bigger eyes." You can just use them to freak people out, per the video below.

The High Line was once a grimy set of abandoned train tracks. Now it's a fancy park for fancy people. So the fancy people want to scrub all the graffiti off the surrounding buildings, lest it hurt their fancy eyes.

Contemporary artist Shepard Fairey got sued by the Associated Press for not meeting Fair Use standards when using their photo of Barack Obama as the inspiration for his infamous "Hope" poster. And now he's fessing up: Fairey lied in court.

Dan Lacey presents: "Tinsley Mortimer dressed as Eloise from The Plaza wearing a Kentucky Derby worthy hat being robbed by Fabiolo Beracasa dressed as Lady Bunny and Daphne Guinness dressed as Thomas Jefferson outside The Waverly Inn in New York."

"Giant Vagina Found on Man's Lawn." FYI, people.