Billionaire art collectors are falling short on virtue, intelligence and judgment | Laura Cumming
by Laura Cumming from US news | The Guardian on (#5DHXQ)
In fighting the battle for hedge fund elites, Steven Cohen revealed his true colours
Anyone who still associates the ownership of art with the possession of virtue must have woken from their fanciful trance last week. Collectors have shown their true colours. On Thursday, the multibillionaire financier Steven Cohen was lambasted across America for his involvement in the notorious shorting of GameStop shares. Teaming up with a former protege, he fought the battle for hedge fund elites against ordinary investors - a dirty great Goliath trying to oppress all the Davids on Reddit.
Related: The GameStop affair is like tulip mania on steroids | Dan Davies
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