Ann Freedman has settled her final lawsuit in what has been New York’s biggest art scandal.
The former president and director of the now defunct Knoedler & Company gallery, Ann Freedman has settled out of court, just one day before she was set to take the stand. The fraud lawsuit brought against her and the gallery by collectors Domenico and Eleanore De Sole, over an $8.3 million fake Rothko painting has been […]
If you have been wondering what happened to the fraud case which closed the 150 year old Knoedler Gallery in New York, there have been major new developments. A Federal judge has ordered that two cases relating to the alleged sale of forged Abstract Expressionist paintings, are to go to trial. The two cases involve the multimillion dollar sale of fake artworks by such […]
It has been an incredible year for art scandals but despite the deception the art market has grown a wapping 20%, with revenues exceeding $15.4 billion (£9.8 billion). which just goes to show that collectors and institutions are not only interested in buying the best but seek to buy works of art with an iron […]
Art dealers have been getting a hard time of it recently, their profession’s reputation shaken by a succession of high-profile cases. Only a few days ago, the French American dealer Guy Wildenstein was charged in Paris with tax evasion and money laundering; this may be the first of several convictions, as he awaits trial for […]
European hedge-fund executive Pierre Lagrange’s is suing NYC’s Knoedler Gallery for selling him a fake Jackson Pollock painting Before parting with $15.3 million for the painting in 2007, Lagrange had apparently been told by the gallery that the painting, ‘Untitled, 1950’, was a genuine Pollack, and had come from ‘a private collector who had inherited […]