Monday, July 28, 2014

How A Billionaire Crook Bought Art-World Cred

Shared from Zite

This is why the gallery model of exhibiting art needs to change. 


How A Billionaire Crook Bought Art-World Cred - The New York Times has a tremendous story about Yoo Byung-eun, the South Korean billionaire who disappeared shortly after a ferry owned and operated by one of his family's companies sank, killing more than 300 people, many of them school children. As the Times reports, the 73-year-old tycoon led a bizarre, sordid life: he helmed a cultish religious movement that was linked to a mass suicide, and he spent four years in prison for siphoning church funding into his businesses. He also spent millions of dollars trying to style himself as a reclusive but brilliant photographer--a strategy that, incredibly, worked.

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