Controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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1985
Artist disputes during restructuring and collection sales
The restructuring led to canceled or delayed projects, the sale of properties, and a Sotheby’s auction of works from Dia’s holdings. Several artists criticized the new board and threatened legal action over the treatment of their projects and commitments.
1983
Financial and governance crisis
Rapid expansion, falling family wealth, large property obligations, and extensive artist commitments left Dia in acute financial difficulty. The foundation borrowed against Schlumberger stock and attracted scrutiny from the New York state attorney general over its practices.