Guy Wildenstein claims ignorance of missing art

  • A Degas Drawing that was reported missing or stolen and recovered by police in the Wildenstein Institute vault.

    A Degas drawing that was reported missing or stolen was recovered by police in the Wildenstein Institute vault.

    French National Police

After 36 hours in police custody and under questioning, billionaire art dealer Guy Wildenstein is sticking by his claim that he knew nothing about 30 missing paintings held in his family institute's vault in Paris. He was formally charged with concealing art that had been reported missing or stolen, which has a maximum penalty of seven years in prison.

A police raid uncovered the artworks---including a $1.1 million Berthe Morisot painting, Degas drawings and more---which heirs from various estates have been missing for decades.

Twenty of the recovered artworks belong to Suzanne Reinach, 98, who participated in the French Resistance and inherited the art from her aunt. She says she never received an estate inventory from Daniel Wildenstein, the father of Guy.

The accused art dealer, who is based in Paris and New York, maintains that there was no inventory for that vault room, which he blames on his late father as well as staffing reductions at the institute since 2001. Guy Wildenstein took charge of the institute in 2008 after his brother, Alec, passed away.

The Wildenstein Institute is an art reasearch center which publishes catalogues raisonnés for Monet, Manet and Gauguin.

More News Feed Headlines

The British Museum loaned an Elgin Marble, the Greek river god Ilissos, to an exhibition celebrating the Hermitage’s 250th anniversary.  It will be on display there until Jan.  18.

British Museum Angers Greece with Elgin Marble Loan to Hermitage

  • December 08, 2014 00:01

Amid sanctions imposed by NATO nations on Russia over actions in Crimea and Ukraine, Great Britain has loaned "a marble ambassador of a European ideal" with a cultural message for Moscow.

Read More

Some temporary art on plywood covering destroyed Ferguson storefronts may be preserved.

Museum Seeks Art Covering Destroyed Ferguson Storefronts

  • December 07, 2014 23:16

When riots ensued over the Nov. 24 grand jury annoncement that there would be no indictment of ...

Read More

Cy Twombly, Leaving Paphos Ringed with Waves.

Court Dismisses Billionaire Perelman's Lawsuit vs. Larry Gagosian

  • December 07, 2014 22:24

The billionaire Ronald Perelman's lawsuit accusing New York City art gallery owner Larry Gagosian ...

Read More

 'Rome, from Mount Aventine' by J.M.W.  Turner, 1835, brought an artist auction record of $47.4 million at Sotheby's London on Dec.  3, 2014.

J.M.W. Turner Painting Fetches Record $47.4 Million

  • December 04, 2014 11:12

One of the last great Turner masterpieces remaining in private hands set a world auction record ...

Read More

ArtfixDaily Artwire