Larry Salander
Unregulated and secretive, the art trade occasionally spawns shady characters (like the recently indicted Larry Salander) whose clients lose their paintings, their millions––and their illusions. But after the headlines fade, it’s back to business as usual. Five reasons the industry won’t change its informal ways:
1. Bernie Maddoff makes Larry Salander look like a lightweight.
2. Art is not like real estate.
3. It’s got its own handshake.
4. It’s not about the money; it’s about the love (or so we are encouraged to believe).
5. The boom is over (at least for the moment).
May 1, 2009 at 3:36 pm
[...] Five reasons the art world won’t change. Um, ‘cuz it’s corrupt? [...]
May 1, 2009 at 5:04 pm
[...] art world plays around with prices is a must read and informed a recent article (you can read it here) that I wrote about the five reasons the art world is unlikely to change its ways, or, as AFC [...]