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Gagosian Waits for the Gold

Published: March 6, 2009
LOS ANGELES—A Chris Burden exhibition titled "One Ton One Kilo" will be delayed indefinitely at Gagosian Gallery in Los Angeles, the New York Times reports, as a result of its involvement with alleged Ponzi-schemer Allen Stanford.

For the show, originally scheduled to open this Saturday, March 7, Gagosian purchased 100 gold bars, worth $3 million, from Stanford Coins & Bullion, which is owned by one of Stanford's companies. The gallery, however, has not received the gold because of a court order freezing Stanford's accounts while the SEC investigates the Texas billionaire.

Gagosian's Web site tells visitors to "continue to check [back]... for a new opening date." In the meantime, the gallery will mount a group exhibition.

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