Art world is ‘hotbed’ of corruption, collector claims by

To outsiders, it might appear to be a glamorous hidden world where highbrow art lovers meet some of the richest collectors in the world.

But the art market is actually a „hotbed” of corruption, a leading collector has said.

Kenny Schachter, a curator and commentator, said the art world was steeped in secretive dealings, with money laundering, insider tips and artists being „corrupted” as greed takes over.

Speaking at Hay Festival, sponsored by the Telegraph, Schachter gave an excoriating appraisal of the state of the art market, from the celebrity collectors attracted by money to allegations of immorality at the highest level.

Despre Claudiu Degeratu
Expert in securitate nationala, internationala, NATO, UE, aparare si studii strategice

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