Louis Vuitton Foundation in Paris;
The Louis Vuitton Foundation in #Paris has been called a “gift to France.” But according to some critics, the private museum founded by billionaire art collector Bernard Arnault was a gift that came at a spectacular cost to French taxpayers. Now, an anti-corruption group has filed a complaint accusing the foundation of fraud and tax evasion in the Court of Auditors in #Paris, France’s financial taxation watchdog.
The final construction cost of the Frank Gehry-designed building on the edge of #Paris was nearly €790 million (around $900 million), according to French media, seven times the original estimate when Arnault first announced the project. This figure has been revised significantly upward since the museum first opened in 2014. At that time, the New York Timesreported that the cost was closer to $135 million. (The foundation declined to comment to artnet News about the final cost.)
Read rest of article here: https://news.artnet.com/art-world/louis-vuitton-foundation-fricc-1406812
View this video about an Artist of a Thousand Faces “Artist of Thousand Faces” https://youtu.be/dECP7O3ftUo
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