Greek Cypriot industrialist Dakis Joannou created his DESTE Foundation for Contemporary Art in 1982 in Nea Ionia, a northern suburb of Athens. Joannou told ARTnews that the foundation is the byproduct of his relationship with artists. At DESTE’s project space on the Greek island of Hydra, Joannou hosts an annual fete popular among art world luminaries. He is also on the New Museum’s board of trustees, and his collection includes works by Jeff Koons, Ashley Bickerton, Robert Gober, Urs Fischer, Charles Ray, Maurizio Cattelan, and others.
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