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MoMA chairman Leon Black announced Monday, January 25, that he will step down as CEO of his multi-billion dollar private equity firm Apollo Global Management. Black’s announcement followed the release of a company review, which revealed Black’s extensive financial ties with sex offender Jeffery Epstein, who was found dead in a Manhattan jail in the summer of 2019.
According to the review, which was conducted by the law firm Dechert, Black had paid Epstein $158 million between 2012 and 2017, far higher than previous estimates. Black had also lent Epstein more than $30 million, of which only $10 million was paid back.
The report determined that Epstein had provided “legitimate advice” to Black on trust and estate planning, tax issues, and matters related to the billionaire’s vast art collection. Epstein’s advice saved Black around $2 billion in taxes, the report adds.
In August, the US Virgin Islands subpoenaed Black and his related companies as part of a racketeering lawsuit against Epstein’s estate. In October, the New York Times reported that Epstein had received several million dollars in fees from Narrows Holdings, a company that Black had created to oversee his art holdings. The nature of the services provided by Epstein remains unclear.
“I have advised the Apollo board that I will retire as CEO on or before my 70th birthday in July,” Black announced on Monday, adding that he will remain as chairman of the company.
Black’s future as chairman of the Museum of Modern Art’s board remains to be seen. MoMA has not yet responded to Hyperallergic’s inquiries about Black’s role, which he has filled since 2018.
In 2019, Black claimed that he was “completely unaware of” and “deeply troubled by” the sex trafficking allegations against Epstein. In 2020, he apologized for his longtime relationship with Epstein during a phone call with investors, calling it a “terrible mistake.”
“I wish I could go back in time and change that decision, but I cannot,” said Black.
However, Dechert’s report describes a less remorseful attitude by MoMA’s chairman. According to the report, Black viewed Epstein as a “confirmed bachelor with eclectic tastes,” years after the latter pled guilty to prostitution charges involving a teenage girl in 2008. Black also believed that Epstein had “served his time,” the report says.
“Black infants in America are now more than twice as likely to die as white infants—11.3 per 1,000 black babies, compared with 4.9 per 1,000 white babies, according to the most recent government data—a racial disparity that is actually wider than in 1850, 15 years before the end of slavery, when most black women were…
In 1850, when Dr. Robert W. Gibbes commissioned J. T. Zealy to make daguerreotypes of persons held in slavery in and around Columbia, South Carolina, for Harvard Professor Louis Agassiz to use in support of his theory that African people were a separate species, daguerreotypes were at the height of fashion.
The show, which honors the 50th anniversary of an exhibition history once ignored, continues a series of projects documenting Wilmington’s contemporary art scene.
he ownership of images has a long and nuanced legal history, which has evolved dramatically in recent years as cultural standards and photographic technologies have rapidly advanced
Renty and his daughter Delia. Renty was an enslaved African, kidnapped from the Congo, sold and forced into slave labor on the South Carolina plantation of B.F. Taylor
Two K-12 art teachers will each receive a $1,000 cash gift and an additional $500 to put toward classroom art supplies. Nominations are due October 31.
As a scholar of African American history and photography whose work has focused on the status of violent images in museums and archives, I fully support the validity of Ms. Tamara Lanier’s claim and the amicus brief.
The daguerreotypes of Renty Taylor, Delia, Drana, Alfred, Jack, George Fassena, and Jem remained in an unused storage cabinet until 1975, when it was discovered by an employee of the Peabody Museum.
I am writing in support of the amicus curiae brief submitted by Professor Ariella Aïsha Azoulay of Brown University for the full restitution of the daguerreotypes of Renty Taylor and his daughter Delia, currently held by Harvard University, to their familial descendant, Tamara Lanier.