December 26, 2009. In the wake of the New Museum's announcement of a controversial exhibition drawn solely from the extensive collection of billionaire Dakis Joannou, one of their trustees and founder of the Deste Foundation in Athens, and slated to be curated by artist Jeff Koons, who is heavily represented in that very collection and who is a close personal friend of Joannou, there has been a glut of commentary both pro and con. Mostly con.

Many resent the obvious conflicts of interest and the elitist monopolization of the finite resources of the art world by just a few players, who strive to dominate, manipulate and benefit their own interests to the exclusion of all others. Many find this cronyism quite reprehensible, and feel it represents "business as usual" at the New Museum, entrenched abuses of power and privilege that the current "Joannou-gate" has merely made more glaring.