Leon Black Buys Phaidon Press
New York financier and art collector Leon Black has acquired one of the world’s premier art book publishing houses, Phaidon Press. It is also rumored to have been Black who bought Edvard Munch's The Scream for US$120 milion at Sotheby’s; the work will go on view at the Museum of Modern Art this month.
"We are delighted to work with the Black family to take the business into its next phase of development and growth” David Davies, chief executive officer of Phaidon, told Artforum.
According to Forbes, Leon Black, who is the owner of private equity firm Apollo Global Management, is the 330th richest person worldwide, worth around US$3.5 billion.