2011 marks the 80th anniversary of the Reverso, and to celebrate, Jaeger-LeCoultre is launching a virtual online museum dedicated to the iconic reversible watch.

Since 1931, owners have made Reversos uniquely their own by having the protective caseback engraved.

Above a picture of the new 2011 Reverso that resembles the original model from 1931, with only ‘Reverso’ on the dial and an ultra thin rectangular case.

The first ever retrospective dedicated to the designs of French couturier Jean-Paul Gaultier will be unveiled at The Montreal Museum of Fine Arts in June 2011.

The Fashion World of Jean-Paul Gaultier: From the Sidewalk to the Catwalk will display more than one hundred ensembles, including couture creations, as well as original sketches and photographs.

The exhibit will be organized into five main themes that inspired Gaultier‘s collections: Paris, Fusions, Multi-Gender, Eurotrash/X-rated and Metropolis.

Pablo Picasso‘s largest-ever painting, a 10.4 metre-by-11.7 metre cloth used in a performance of the Ballets Russes in 1924, went on exhibition for the first time in London on Thursday.

The canvas, designed and signed by Picasso but finished by seven other artists, was used in a performance of the one-act ballet “Le train bleu” (The Blue Train) by Bronislava Nijinska.

The piece, which is to be a star exhibition in a show at the V&A Museum dedicated to the Russian ballet company, was bought by the museum in 1968 but never previously exhibited.

The exuberant creations of Christian Lacroix, who lost his prestigious house last year, are to get a second life as part of France’s national heritage.

The French culture ministry said Tuesday that the owners of the label had confirmed a donation of 11 outfits for the country’s Decorative Arts Museum.

A further 3,000 haute couture models dating from the creation of the label in 1987 to its demise in 2009 would be lent to national museums when necessary.

Jeff Koons has unveiled his Art Car at the Centre Pompidou in Paris ahead of its participation in the 24 Hours of Le Mans in France on June 12-13, 2010.

On June 1, Koons unveiled and signed his BMW M3 GT2, making him the 17th BMW Art Car artist, following in the footsteps of Warhol, Lichtenstein and Stella.

Three hundred VIP guests watched him unveil the design in the exact same spot that Roy Lichtenstein presented and signed his Art Car back in 1977.

Five works including paintings by modern masters Henri Matisse and Pablo Picasso have been stolen from a Paris museum.

The canvases – worth a total of 100 million euros ($123m) – were discovered missing from the city-run Musee d’Art Moderne when it opened its doors.

Museum officials found a broken window and a sheared-off padlock, suggesting the heist took place overnight Wednesday.

Besides the Matisse and the Picasso, works by Georges Braque, Ferdinand Leger and Amedeo Modigliani were also stolen, the officials said.