Tuesday, April 1, 2008
Larry Salander was a man with a vision of righteousness: he believed that it was a travesty that Old Master paintings were going begging at auction, while contemporary pieces by artists like Koons were selling for millions. He saw it as a symptom of a larger cultural malaise; as an established NYC dealer, he set out to correct what he perceived as this terrible wrong.
Now he's tens of millions in debt, and being sued by those he once called friends. But for those of us not feeding at the gilded troughs of the uppermost echelons in the art world, his fall from grace is an instructive look at how hype and glamour can inflate an unregulated market; how an empires is built and then crumbles.
For the story, cut and paste the links:
New York Magazine: http://www.printthis.clickability.com/pt/cpt?action=cpt&title=An+Old+Master+in+Ruins&expire=&urlID=27353033&fb=Y&url=http%3A%2F%2Fnymag.com%2Fnews%2Ffeatures%2F45324%2F&partnerID=73272
* image= Paul on the road to Damascus, Carravaggio