Portfolio reports that the Art Institute’s flood of acquisitions for the new modern wing is driving prices up on modern art around the world, and also gives a peek at what’s in store when it opens. Indiana-born, Madison-educated artist Bruce Naumann will get three rooms dedicated to his work, including the deeply unpleasant Clown Torture, which should fit right into the panopticon that is Chicago. Works by the prolific Belgian painter Luc Tuymans will be on display; I love his painting Pigeons, which is a bit overdescribed (“Luc Tuymans offers a chilling ultimate truth about humankind”) here. The Chicago Imagists–great movement, terrible name–will get a place. Portfolio‘s big criticism: “What’s missing? Any Latin American contemporary art, which effectively means that the museum considers it, at least for now, ancillary to art history.”