Monday, February 25, 2008

"I would like to be employed by my gallery to turn the stuff there -- the art -- into money so I can repay the debts I owe"

Bloomberg's Philip Boroff reports that Larry Salander has asked the bankruptcy court to authorize his gallery to rehire him to help locate artworks and turn them into cash. The creditors don't seem too thrilled with the idea (one creditor's lawyer is quoted as saying: "My impression, based upon my conversations with creditors, is it's a universal view that there are no circumstances in which the fox will be allowed back into the henhouse").