Burden and Gagosian’s Asset Freeze (update)

Via Donn Zaretsky another interesting story concerning art and recent fraudulent transactions. According to the LA Times, Chris Burden and Gagosian Gallery are unable to obtain the 100 gold bars they acquired for Burden’s upcoming exhibition.

From the LA Times:

The gold bars originally purchased for the exhibition — which neither the gallery nor the artist would describe in any detail — have been frozen under an order by federal authorities. Reuters reported last week that Gagosian bought the gold in January from a company owned by R. Allen Stanford, the Texas billionaire accused of perpetrating an $8 billion financial fraud.

Update: The LA Times on why the show has been postponed indefinitely.