Michael Hiltzik: A billionaire shows his peers a better use of their wealth than buying crummy art
On this side, art dealer and former Goldman Sachs executive Robert Mnuchin, who just spent $91 million of a client's money on a stainless steel statuette of a rabbit.
On that side, billionaire private equity investor Robert F. Smith, who just announced to the graduating class of nearly 400 at the historically black Morehouse College that he would cover their student debt, at a cost of an estimated $40 million.
If you're counting, the buyer of the Jeff Koons artwork could have made two gestures equivalent to Smith's, and had $11 million left over.
We reported on the art purchase last
