Philanthropy: A family has donated 121 pieces of prominent 20th century American art to Stanford University, including the 1947 painting, “Lucifer,” by Jackson Pollock. (ABC News)

Openings: Art Basel opens today, with billions of dollars of art on show at the annual fair. Experts are cautiously optimistic that buyers are set to snap up rare treasures. (Reuters)

Cancelled: Sculptor Anish Kapoor has cancelled plans to present his sculptures at the National Museum of China in Beijing, in protest against the detention of Ai Weiwei. (Art Newspaper)

Why Didn’t We Think of This?: James Franco’s new “Museum of Non-Visible Art” is either a serious endeavor or a clever hoax. Critics debate. (Salon)

Winning: Wim Heldens, 57, an artist who painted his sitter for nearly 20 years, won the £25,000 BP National Portrait Gallery art prize with Distracted, which shows sitter at the age of 25. (BBC)