• A theft at the Museum of Modern Art in Paris was revealed early Thursday morning, having occurred overnight on Wednesday. A single masked individual stole five paintings, collectively valued at $123 million – a Picasso, Matisse, Braque, Modigliani, and a Leger. Click here for the full story. • Japanese-born designer and conceptual artist Arakawa died at 73 on Tuesday in Manhattan. Along with his wife Madeline Gins, Arakawa explored a philosophy he called Reversible Destiny, which questioned the definitive nature of mortality, through painting, poetry, and most recently, architecture. Check out nytimes.com for information on his oeuvre and some critical remembrances. • The Sydney Biennale, “The Beauty of Distance: Songs of Survival in a Precarious Age,” places focus on the experiences of the indigenous and historically marginalized peoples from all over the world, forming a coherent, if thematically diverse exhibition. “The aim of this biennale,” says artistic director David Elliott, “is to bring work from diverse cultures together…on the equal playing field of contemporary art.” Find out more about the work, the artists, and the venues here. •  The Vancouver Art Gallery has mounted an exhibition of work by video artist Fiona Tan, centered on a commissioned film installation entitled Rise and Fall. This will be the first chance American audiences have had to view Tan’s recent work. Based in Amsterdam, Tan’s work has been shown at the Venice Biennale, the Rijksmuseum, and the Centre Pompidou. Read more at e-flux.com. • The $64,000 Artes Mundi Prize for contemporary art was awarded on Wednesday to Israeli Yael Bartana. Bartana’s video, photographic, and installation works often focus on the political situations in her home country, and is the fourth artist to receive the prize. See more at artforum.com.