A work by Banksy. (Courtesy BBC News)

Banksy details his latest work, Cardinal Sin. [BBC]

Young, rich Chinese kids love to buy art. [The Guardian]

A warm feeling for the holidays: art vs. nihilism. [Art Market Monitor]

Growth in wine sales at the major auction houses slows due to global debt. [Bloomberg]

A glowing review of Richard Misrach calls him "the most interesting and original American photographer of his generation." [WSJ]

George Shaw curates a show of 1940s Welsh landscapes. [FT]

"As markets plunge, Asia's wealthy flock to art," says Reuters. Which makes Asia's wealthy like wealthy people just about everywhere else. [Reuters]

Researchers have discovered that the quarry that provided the stone for Stonehenge is located about 160 miles from the archaeological site. How the stone was transported remains a mystery. [Wired]

Businessman David Woo gave $15 million to the University of California Berkeley Art Museum and Pacific Film Archive, and… [Mercury News]

Winemaker Jan Shrem gave $10 million for a new art museum at the University of California, Davis. [ArtDaily]