Samsung Head Accused Of $64 Million Art Fraud

“Over $64m from a slush fund set up by Lee Kun-hee, chairman of Samsung, was allegedly used to buy art for his wife Ra Hee Hong Lee who is director-general of the Leeum, Samsung Museum of Art, according to the Korean corporation’s former house attorney. None of the art has been exhibited in Korea and its whereabouts is presently unknown. Samsung denies the allegations.”

Beijing’s Building Boom

With the Beijing Olympics looming, China is putting up huge new buildings at dizzying speed. What will the lasting impact be on the rising capital’s architecture? “China is currently the one nation on earth blessed with the mix of overweening ambition, brute strength and deranged self-confidence that might lead a country to build something quite as crazy as the new headquarters of China Central Television (CCTV).”

How Much Is A Museum Worth?

Several small Southern cities have recently committed to build major new museums, and have hired prominent architects to design them. No one believes that a single museum can suddenly transform Bentonville, Arkansas into Chicago or Boston, but many local boosters believe that the right building could help them mimic the cultural rise of smaller cities like Bilbao, Spain.

On The Whole, A Non-Descript Year

For the UK’s visual arts scene, “it was a non-vintage year in many respects. No grand project opened its doors, no assembling of crack old masters (Caravaggio, Velázquez) shook the world-view.” But the art sales boom continued, Brit film made some strides, and all the usual prizes stirred the usual pots.

Roanoke’s Bold New Museum

Roanoke, Virginia has been trying to reinvent itself for more than two decades, and culture has played an important role in the process. “The latest addition is the new $66 million Art Museum of Western Virginia, one of the most expensive and controversial projects in the city’s history.”