The Effect of a Ponzi Scheme on the Art Market
Jho Low bought art like a billionaire, but he wasn't. What does that mean for the real billionaires who bid against him?
Buying Art Like a Madman
Jean-Michel Basquiat, Head of a Madman (1982)
Two weeks ago, Artsy’s Nate Freeman did yeoman’s work piecing together the $400m or so in art purchases made by Low Taek Jho, the fugitive mastermind of Malaysia’s 1MDB Ponzi scheme, from the US Department of Justice’s asset forfeiture case filed in June of 2017 and a book by two Wall …