– Liz Taylor’s Knickknacks To Be Sold Online: So you are a diehard fan of the Hollywood diva but don't have the wallet to bid on her 33-carat diamond at the forthcoming Christie’s auction? Don't despair. The auction house has announced an online-only component of the sale — its first ever — that will feature 950 items with pre-sale estimates ranging from $100 to $15,000. Items on offer include a pair of Chanel clip earrings, 22 handbags by Dior and Valentino, and 500 pieces of fine and costume jewelry. The online sale will run from December 3 to 17 — right on time for Christmas shopping. [AP]

– Koons Goes for Baroque: This June, Jeff Koons will add some of his trademark shine to Germany’s Liebieghaus Skulpturensammlung. The artist will place his bulbous, shiny sculptures among the ancient, medieval, and baroque pieces permanently on display at the 19th century villa. Paintings by Koons will be on view simultaneously at the Schirn Kunsthalle in Frankfurt. Though this isn’t the first time Koons has placed his work in an anachronistic context, “it won’t be like Versailles,” promises Schirn director Max Hollein. [TAN]

– Rolex Announces Mentors: The Rolex Mentor and Protégé Arts Initiative, which pairs established figures in the fields of dance, film, literature, music, theatre, and visual arts with up-and-coming talents, has announced its mentors for the 2012-2013 cycle. They include Margaret Atwood (literature), Gilberto Gil (music), William Kentridge (visual arts), Patrice Chéreau (theater), Lin Hwai-min (dance), and Walter Murch (film). Each protégé, selected by a panel of experts, receives $25,000 with the potential for an additional $25,000 grant for a work of art created during the program. The lucky emerging talents will spend at least six weeks over the course of the year with their mentors. [Press Release]

– Mario Testino to Present the Turner Prize: In the steps of Madonna and Miuccia Prada, celebrity photographer Mario Testino — in the news most recently for shooting the royal wedding — will host this year’s Turner Prize on December 5th at Gateshead’s BALTIC Centre for Contemporary Art. “I draw endless inspiration from the work of other artists so I am honored to be presenting this year's Turner Prize,” he said. [Press Release]

– Burton Exhibition Was Fifth Best for LACMA: Before Alexander McQueen drew record lines to the Met, filmmaker Tim Burton brought overflowing crowds to MoMA with his eponymous exhibition. Having finished its run at LACMA on Halloween, the show has become the fifth-best attended at the museum in the past three decades. It managed to draw 363,271 visitors over 135 days, an average of 2,700 a day. Approximately 47 percent of those attending were first-time LACMA visitors. [LAT]

– Strange Pairing: To raise awareness for its upcoming Nuclear Energy Summit, the Korea Nuclear Energy Promotion Agency is hosting an art competition for children around the world. The 100 works of art with nuclear energy themes selected from the submissions will be displayed during and after the summit “in public places including subway stations in order to keep raising awareness on nuclear safety,” according to a KONEPA official. [Korea Times]

– Occupy Art: New York’s Occupy Wall Street protesters were kicked out of Zuccotti Park this morning in a police sweep, but the Indiana branch of the Occupy protests is growing. An unofficial offshoot of Occupy Indy, called Occupy Art Indiana, aims to put together an exhibition where local artists can share their interpretation of the Occupy message. The group met for the first time last week at Indianapolis’s Art Bank. “It’s for the people who can’t be our there physically occupying all the time, who have work and children,” said organizer Amanda Sweet. [Indianapolis Star]

– Expo Chicago Announces Plans for Inaugural Edition: The first-time fair, founded by the former director of Art Chicago, will take place at Chicago’s Navy Pier from September 20 to 23. Several top dealers, including New York’s David Zwirner, New York’s CRG, and San Francisco’s Anthony Meier Fine Arts, have already signed on. Important Windy City dealers lured away from Art Chicago include Rhona Hoffman Gallery and Richard Gray Gallery. The fair, which will be designed by Studio Gang Architects, promises to limit the roster to 100 dealers. [Expo Chicago]

– Beach House Picture Heads to Christie’s: An early version of Tate Britain’s “The Derby Day” by William Powell Frith has been found in a New England beach house, locked up for over half a century. The painting could fetch up to £500,000 ($800,000) at London’s Christie’s next month. [New Observer]

– Second Ghetto Biennale in Port-au-Prince: Kicking off on November 28th, Haiti's Ghetto Biennale is hosted by the Atis-Rezistans, and it isn’t a biennial strico sensu. Rather, it is an invitation for local and international artists to join in, make work, or just look. Presentations are a key component of the event, which will culminate mid-December with a congress and a display of the works realized during the process. [Press Release] 

– Glasgow International Announces its 2012 Program: Next April, the fifth edition of the visual art festival held in the UK’s other art capital will showcase more than 130 artists across 50 locations. Highlights include solo shows by Richard Wright, Karla Black, and Teresa Margolles, as well as new commissions by the likes of Nairy Baghramian, Rosalind Nashashibi, and Alex Frost. [Press Release]

– CAS Award Goes to Nottingham: Last night, Cornelia Parker presented Nottingham Castle Museum and Art Gallery with the Contemporary Art Society Award during a reception at London's German Gymnasium. The £60,000 ($95,532) is awarded to a museum to commission a new piece from an up-and-coming artist. NCMAG’s winning proposal is a collaboration with artist Christina Mackie. [Press Release]

– Italian Gallerist Celebrates Berlusconi’s Departure: Dealer Massimo Minini released a statement yesterday morning celebrating the downfall of former Italian prime minister Silvio Berlusconi. “Today, Galleria Minini and all our artists celebrate the second liberation of our beloved country,” he said. “If any of our artists disagree with this sentiment, we kindly ask them to let us know, and we will be happy to remove them from our list.” [ITA]