Sublime

Knight Landesman is the Artforum publisher

24. At the height of Lorenzo’s borrowing, the cash that Lorenzo laid out in interest alone—more than $600 million a year—exceeded the annual sales for nearly 100 members of the Fortune 500. Alas for him, Lorenzo’s size also made him more visible, and more inviting, as a target.

He is a long-standing adviser to the self-made billionaire François Pinault, who, as both the owner of Christie’s and a leading collector, wields a double-edged sword in the art market.*