By JRS
In 1985, when billionaire Greek industrialist Dakis Joannou bought the first piece of his now world-renowned contemporary art collection—a basketball signed by Dr. Jay submerged in a tank of water and simply titled “Equilibrium”—it started two chain reactions. One, Mr. Koons would never have to worry about people buying his work again, as Jonnau has been very successful in buying up most of it for his monolithic museum in Athens. Secondly, Joannou would be very adept in helping to solidify emerging artists and future greats (Terrence Koh, Cindy Sherman, Takashi Murakami), as well as helping to shape the very nature of collecting. (more…)


