Sarah Ortmeyer, Sankt Petersburg Paradox (2014)

Among the decision-making factors in set expanse of time, risk plays a crucial part.  Simply described as the potential of losing an owned value upon a taken action, the risk element occupies a noticeable part in economic, social and political dynamics, aside from striking as a noteworthy reality to consider for individuals in the daily routine. The St. Petersburg Paradox, a group show on view at Swiss Institute through August 17th, observes this broad topic through a determined perspective, suggesting an alternative reading based on the reflection of risk elements in artworks.

The St. Petersbug Paradox (Installation View) (more…)

One by one, the indicted suspects in a case involving money laundering and illegal gambling, among them art dealer Helly Nahmad, plead not guilty in court on Friday.  Underlining the size and complexity of the case, over 30 were indicted as part of two separate but connected gambling and money laundering rings.  Mr. Nahmad is charged with helping to bankroll the operation.  “We do not believe that Mr. Nahmad has knowingly violated the law.” Said Nahmad’s lawyer, Benjamin Brafman. “We anticipate that he will be fully exonerated.” (more…)