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Drama At The Upper Levels Of The Art Market

April 22, 2018

Jeff Koons

According to a number of recent articles, contemporary art collector Steve Tananbaum has filed suit against Gagosian Gallery and Jeff Koons for failing to deliver 3 of the artist’s sculptures.  As of now, Tananbaum has ponied up about $13 million since 2013 and has nothing to show for it … or is Koons creating some sort of conceptual art — one where the buyer just needs to ‘imagine’ the work!

Source: Artist Jeff Koons and New York Gallery Accused of Inappropriate Practices in Suit – Bloomberg

Source: Collector Who Paid $13M Sues Jeff Koons and Gagosian