Artist Missing Gold Treasure Thanks To Scammer
source: http://gawker.com/5164580/artist-missing-gold-treasure-thanks-to-scammer
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Chris Burden, the controversial performance artist, has become a high-profile victim of Ponzi schemer Allen Stanford. Stanford never delivered the artist's precious, artistic pile of gold bars.
One hundred kilos of gold bricks, bought from a Stanford company for Burden's installation "One Ton One Kilo," have been "frozen" while the SEC investigates Stanford's alleged scheme, according to a Burden press release (below).
But given the Feds' extensive fraud charges against Stanford, who knows if the gold even exists? It's a $3 million question, based on Wednesday's metal prices.
Burden will probably be fine either way: The artist, whose infamy started in the 1970s when he had his assistant shoot him in the arm for a performance piece, did not buy the gold himself but instead had the Gagosian Gallery of Beverly Hills acquire the loot.
One hundred kilos of gold bricks, bought from a Stanford company for Burden's installation "One Ton One Kilo," have been "frozen" while the SEC investigates Stanford's alleged scheme, according to a Burden press release (below).
But given the Feds' extensive fraud charges against Stanford, who knows if the gold even exists? It's a $3 million question, based on Wednesday's metal prices.
Burden will probably be fine either way: The artist, whose infamy started in the 1970s when he had his assistant shoot him in the arm for a performance piece, did not buy the gold himself but instead had the Gagosian Gallery of Beverly Hills acquire the loot.
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